Bloomberg:
- The Chicago Board Options Exchange will join with four securities firms to establish an exchange to trade equity securities early next year.
- Prime Minister Olmert decided today against widening Israeli military operations in southern Lebanon.
- Time Warner’s(TWX) board may approve as early as today a plan to give away its AOL service to high-speed Internet users in an attempt to revive the ailing unit.
Wall Street Journal:
- Five telecom equipment makers will announce today network technology that will enable service providers to bring in combined telephone, television and Internet features more quickly.
- Friendster, a Web company that brings people together and that’s losing users to competitors such as MySpace.com, may sue its peers for alleged patent violation.
- Shares of Automatic Data Processing(ADP) are considered cheap by some analysts as the company tries to recover form two embarrassments.
- The town of Monroe, Oregon, is getting Internet protocol television delivered over phone lines, a service that uses high speed connections to deliver video programming.
- Vanguard Group said it’s adopting consumer security systems made by RSA Security(RSAS) and popular with banks to protect its customers from fraud.
- US exchange-traded funds, worth $325 billion in May, are confusing investors by multiplying too quickly and becoming excessively specialized.
- The proportion of US employers offering benefits for workers who care for elderly relatives has risen to a quarter.
USA Today:
- The city of Portland, Oregon, is a leading proponent of so-called eco-friendly or “green” construction that seeks to use natural materials and promotes energy efficiency.
Philadelphia Inquirer:
- The Pennsylvania Turnpike Commission will be the first client for Duet, a software program by Microsoft(MSFT) and SAP AG(SAP), which will cost $30 million and take 30 months to implement.
AP:
- Palestinian Authority President Abbas said an “imminent solution” may be found for the release of an Israeli soldier who was kidnapped last month by Hamas.
Financial Times:
- Reuters Plc(RTRSY) could entice investors as a possible recovery story, though it’s far from being a growth stock.
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