Bloomberg:
- GM will extend its offer of employee discounts to all US buyers until the end of September as it tries to boost sales of its cars and trucks.
- Boeing’s machinists union, whose labor agreement expires Sept. 1, said the world’s top aircraft maker’s initial contract proposal was “an insult” and fell short of demands on health care and pensions.
- Crude oil and natural gas are falling from records in NY on forecasts that Tropical Storm Katrina will probably miss oil and gas fields in the Gulf of Mexico.
Wall Street Journal:
- US technology companies, such as Dell, Hewlett-Packard, EMC and Microsoft may benefit from plans to increase tech spending.
JetBlue Airways has been profitable for 18 consecutive quarters while bigger airlines have suffered losses totaling billions of dollars, but now it’s relaxing the formula that brought it success.
- US Internet-based phone providers may have to next week cut off tens of thousands of customers who haven’t formally acknowledged that they understand problems they may encounter in calling emergency services.
- Volkswagen AG, criticized recently for targeting luxury-car buyers instead of its core customers, is offering special lease deals on some new models to speed up the launch of its redesigned Jetta and Passat sedans.
- Subscribers to “third-generation” wireless services are increasing rapidly, thought they still account for only a fraction of mobile-phone users in Europe.
- Sports-equipment makers, such as Head NV, Wilson Sporting Goods, Prince Sports and Fischer GmbH, are targeting recreational players with rackets featuring nanotechnology, magnetic forces, aerodynamics and advanced physics principles.
NY Times:
- Guidant will face an extensive inspection of its manufacturing facilities by the FDA.
- US credit card companies have only just started to focus on protecting customers’ personal information following security breaches, as they realize it is putting their brands at risk.
NY Sun:
- NYU economics professor Thomas Sargent is living in a $5 million university-owned apartment overlooking Central Park in the five-star Pierre Hotel.
Daily Deal:
- Vonage Holdings, a closely held provider of Internet-based calling, plans to raise as much as $600 million in an IPO.
Washington Post:
- Hackers are using Chinese Web sites to breach US government computer networks.
Reuters:
- Microsoft will receive $5 million plus a percentage of ticket sales from a film to be made by Universal Pictures that’s based on the “Halo” space-based video games.
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