Bloomberg:
- The Iraqi government’s acceptance of responsibility for security and law enforcement of the province of Al-Muthanna is an important step towards sovereignty, Prime Minister Nuri al-Maliki said.
- Advanced Micro Devices(AMD) agreed to buy ATI Tech(ATYT) for $5.4 billion, adding computer-graphics chips to its product lineup.
- Bain Capital, Merrill Lynch and Kohlberg, Kravis Roberts will offer to buy HCA Inc.(HCA), the biggest US hospital operator, for about $21 billion.
- Secretary of State Condoleezza Rice made a surprise visit to Beirut to express US concern over what could become a humanitarian crisis as Israel’s jets struck Hezbollah installations in Lebanon and soldiers advanced in the southern part of the country.
Wall Street Journal:
- More US employers are helping rank-and-file workers to advance their careers as unemployment drops.
Advertising Age:
- Amazon.com(AMZN) plans to introduce a digital-video download service next month.
NY Times:
- The US Homeland Security Dept. is revamping many disaster-relief programs, after fraud and abuse involving as much as $1.4 billion in the aftermath of Hurricane Katrina.
- Hollywood directors, producers and cinematographers are resisting movie studios’ long-predicted shift to digital cameras instead of traditional 35-millimeter film.
NY Post:
- Clear Channel Communications(CCU) is expected to receive a one-year contract to place ads on NYC MetroCards.
Xinhua News Agency:
- China’s President Hu Jintao called for more effective economic controls in the second half and a slowing of “blind growth” in high energy-consuming and polluting industries.
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