Bloomberg:
- Toll Brothers(TOL), the largest builder of luxury homes, said fiscal second-quarter earnings rose 2.8%, the least in three years, and trimmed its 2006 forecast as higher mortgage rates discouraged potential buyers.
- Google(GOOG) is branching out into video to attract larger clients.
- Crude oil rose above $72/bbl. in NY on speculation that hurricane season will disrupt production again this year.
Wall Street Journal:
- European governments are looking at ways of curbing hedge funds’ power, encouraged by corporate executives who dislike the way the funds can use small stakes in companies to push for changes.
- India’s Sonia Gandhi and her rising political influence have prompted concern among investors over the future direction of the country’s economic expansion.
- Mobile Top Level Domain, a company founded by several companies including Microsoft(MSFT), Google(GOOG), Vodafone Group(VOD) and Nokia(NOK) has created an Internet domain name to make wireless Web access easier.
NY Times:
- More than 5,000 nongovernmental organizations have registered in Iraq since 2003, including human rights, medical and literary groups.
- US Senator Hillary Clinton and former President Bill Clinton appear rarely in public together, a move affected by her possible presidential ambitions.
Daily Telegraph:
- UK soldiers may remain in Iraq for a further four years after Prime Minister Tony Blair yesterday agreed with his Iraqi counterpart Nuri al-Maliki on a phased handover of control to civilian authorities.
El Economista:
- Telefonica SA and T-Mobile USA signed an agreement to share their networks of wireless Internet access points.
Handelsblatt:
- Walt Disney(DIS) is in talks with T-Online Intl. AG, Germany’s largest Internet-access provider, to start Internet TV channels in Germany.
Arab News:
- Saudi Arabia’s summer wedding season is expected to see 50% less ceremonies this year after the country’s stock market crash affected 25% of the kingdom’s citizens, citing wedding organizers and investors.
Financial Times Deutschland:
- More CEOs around the world resigned in 2005 than ever before, citing a report published by Booz Allen Hamilton.
National Post:
- Canada’s Conservative Party government would win a majority of seats in the House of Commons if an election were held today, according to a poll.
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