Bloomberg:
- US investors are returning from summer vacation to the cheapest stock market in almost 12 years, and some of the biggest fund managers say they’re ready to load up on shares of technology, energy and industrial companies.
- Emulex Corp.(ELX) CEO said technology spending is unaffected by the subprime mortgage rout.
- Deutsche Bank AG CEO Ackerman said financial markets are stabilizing after central banks pumped more than $200 billion into the world’s money markets.
- Steve Forbes, CEO of Forbes, says “now is the time” to put money in US stocks.
- The yen fell against the US dollar on speculation gains in US stocks may encourage investors to borrow the Japanese currency to buy riskier assets.
- Copper is falling the most in two weeks on concern over construction spending and rising stockpiles.
- Toyota Motor(TM) passed Ford Motor(F) to become second in
- Apple’s(AAPL) iPhone became the best-selling advanced US mobile phone in its first full month of sales, research firm iSuppli said.
- Intel(INTC) rose to a seven-week high after Banc of America(BAC) and CSFB boosted their earnings estimates for the world’s biggest semiconductor maker on growing demand for personal computers and laptops.
- MetroPCS Communications offered to buy Leap Wireless Intl. for about $5.5 billion to expand in the fastest-growing part of the cell-phone market.
Wall Street Journal:
- Slew of Online Tools Let Consumers Create and Mange Their Digital Medical Records.
- Trading spreads on many of the newest exchange-traded funds have widened during recent market fluctuations.
Business Week:
- If Credit Markets Thaw, Recession Is Unlikely.
CNET News.com:
- Apple might start making enterprise-class iPhones or incorporate more enterprise-friendly features into existing models, a Gartner analyst has predicted.
CNNMoney.com:
- Investors sold $32 billion of hedge funds assets in the month of July, the largest outflow since 2000; August may be higher.
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