Bloomberg:
- McDonald’s(MCD) said activist investor Bill Ackman plans to buy more than $793.8 million of McDonald’s shares.
- Crude oil is falling to a two-month low on less speculation for hurricane-related production disruptions and a declining fear premium.
- Gas prices across the US are likely to fall further this month as demand from motorists slows.
- Colorado State University hurricane forecasters trimmed the number of storms they expect to form in the Atlantic Ocean this year for a second time. They now expect 5 more hurricanes with two being major.
- Ford Motor(F) said US sales fell 12% in August as purchases of gas guzzling SUVs and trucks continued to decline.
Wall Street Journal:
- US retailers are part of a large increase in the number of approved retail projects in China after the government removed restrictions governing the entry of foreign firms.
- Immigration has become critical to maintaining population levels in many countries as birth rates decline worldwide, Gary S. Becker writes.
- Advanced Cell Technology’s report last week of success in creating stem cells without harming embryos has come under scrutiny over the accuracy of its statements.
NY Times:
- Shanghai high-school educators will reduce the emphasis on socialism and Mao Zedong in their history courses in an effort to prepare students better for current society.
- Starting pay at large NYC law firms has reached $145,000, after a California firm with NY offices boosted salaries for first-year associates.
Business Week:
- Scholastic Corp.(SCHL) could be a takeover target, citing Michael Metz of Oppenheimer.
Washington Post:
- Iraq television stations are broadcasting reality shows ranging from an “American Idol”-like talent contest to one inspired by “Extreme Makeover: Home Edition.”
NY Daily News:
- Fast Retailing, Japan’s biggest casual-clothing retailer, will use portable stores built into cargo containers to promote its first Uniqlo store in NY.
NY Post:
- The number of passengers using the NY area’s three major airports hit a record 50.6 million in the first six months of this year, citing Port Authority of NY and NJ.
Star-Ledger of Newark:
- Comcast(CMCSA), buoyed by sales of packages that bundle phone, video, and Internet services, expects to hire 552 new employees in NJ by year’s end.
Business Day:
- A Nigerian refinery that’s been out of production since militant attacks destroyed a pumping station is now importing crude oil from Iraq so it can resume operations.
USA Today:
- Golf courses across the country are being replaced by housing and other real estate projects, as land becomes more valuable and owners seek higher returns.
Financial Times:
- Ford Motor’s(F) Aston Martin sports-car unit may be sold for as much as $2 billion.
Reuters:
- BP Plc expects to restart production in the eastern section of its Alaskan Prudhoe Bay oil field as early as the end of this month.
Toronto Sun:
- A fictional-documentary, the “Death of a President,” that portrays the assassination of President Bush has drawn “outrage” in some circles.
AFP:
- Syrian President al-Assad agreed to deploy more border guards and set up a “liason mechanism” with the Lebanese army and UN troops to enforce a weapons embargo against Hezbollah.
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