Bloomberg:
- Crude oil dropped below $70 a barrel and natural gas fell as oil companies prepared to send workers back into the Gulf of Mexico and Tropical Storm Ernesto moved away from the region’s oil fields.
- Iranian President Ahmadinejad said it’s “unlikely” the UN Security Council will take action over his country’s nuclear program.
- Germans who left their country last year amid record postwar unemployment pushed emigration to its highest level since 1954, Federal stats show.
- Oil tanker earnings may almost halve by 2008 as a “phenomenal” increase in the delivery of new vessels leads to an oversupply of capacity, Drewry Shipping Consultants Ltd. said.
Wall Street Journal:
- BP Plc(BP) is the subject of investigations by US authorities for possible manipulation of the crude-oil and unleaded gasoline markets.
- Sony Corp.(SNE) and Apple Computer(AAPL) may increase demand for NAND flash-memory chips as they both plan product launches later this year, citing iSuppli.
- L-3 Communications(LLL) may expand faster than its peers.
- Plans to build more doctor-owned specialty hospitals are under review in Texas, California, Pennsylvania and Indiana after the US Centers for Medicare and Medicaid Services decided on Aug. 8 to resume certifying the facilities.
- Hundreds of thousands of seniors are paying monthly premiums to sign up for private Medicare plans.
NY Times:
- Former US President Bill Clinton said he was sorry his administration failed to intervene during the Rwandan genocide in 1994 and the US “blew” its chance to stop the bloodshed.
Washington Post:
- Privacy concerns in the European Union have made collecting intelligence on terrorists before they appear on watch lists harder for the US, Secretary of Homeland Security Chertoff wrote.
NY Daily News:
- Viacom’s(VIA) Paramount Pictures will donate $2.6 million from early ticket sales for its film “World Trade Center” to charities supporting Sept. 11 victims’ families and memorials.
Financial Times:
- EBay Inc.(EBAY) will likely make more money choosing Google(GOOG) over Yahoo!(YHOO) to run advertising outside the US.
Reuters:
- Alcatel SA(ALA) investors were urged by French advisory firm Proxinvest to reject the network equipment maker’s proposed purchase of Lucent Technologies(LU).
- Venezuela’s President Hugo Chavez plans to travel to Syria today.
Gazeta Wyborcza:
- Russia has given up opposition to the construction of a missile defense shield the US may build in Poland or the Czech Republic.
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