Bloomberg:
- Google today will start offering customizable e-mail and calendar software to businesses and universities in a bid to lure more corporate customers and develop new sources of revenue.
- EBay(EBAY) chose Google(GOOG) to run advertising on its Web sites outside the US to tap a larger share of global online advertising market.
- Kinder Morgan(KMI) accepted an increased offer of $15 billion from a group led by Richard Kinder, the former Enron executive.
- Iran’s President Ahmadinejad told German Chancellor Merkel that the Nazi Holocaust may be an “excuse” by the nations that won World War II to keep Germans “ashamed.”
- US Bankruptcy filings fell to the lowest level in five years. Full-year 2006 filings will be the fewest since 1986.
- Crude oil fell more than $2/bbl. and natural gas plunged 10% as Tropical Storm Ernesto veered away from oil- and gas-producing areas in the Gulf of Mexico that were damaged by Hurricane Katrina a year ago.
Wall Street Journal:
- Royal Dutch Shell Plc and Chevron(CVX) are set to begin tests to extract oil from the US Rocky Mountains as high oil prices spur unconventional new methods of oil extraction.
- CBS Corp.(CBS) is to install “glueless” posters, projectors, light boxes and flat-paneled television screens in a $3 billion outdoor advertising contract with the London Underground as the industry adapts to new technology and intense competition.
- Foreign companies selling shares in IPOs on US exchanges have raised $5.85 billion so far this year, the highest year-to-date amount since the tech bubble burst in 2000, citing Dealogic Holdings.
- Terex is benefiting from a shortage in the large tires needed for mining trucks, citing the CEO.
- The NYSE’s plans to lift limits on the amount of stock traded electronically at the exchange may sideline trading floor specialists and brokers and hurt profit.
- UN Security Council Resolution 1701 failed to address the kidnapping of the two Israeli soldiers that caused fighting to break out between Israel and Lebanon, the parents of slain hostage Daniel Pearl wrote.
Washington Post:
- Biometric identification cards, containing information such as fingerprints and retinal scans, will be issued to US government employees in October to increase security.
NY Daily News:
- The recently discovered terrorist plot in London has created opportunities for bargain travel.
Star-Ledger:
- New Jersey taxes under the state’s new budget increased 5% over 2005, the most in the US.
L’Orient le Jour:
- 51% of Lebanese want Hezbollah to lay down its arms, citing an opinion poll by Ipsos SA.
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