Thursday, July 13, 2006

Today's Headlines

Bloomberg:
- Israel bombed Beirut’s international airport and two Lebanese army airfields, while rockets from Lebanon landed in Israel’s third-biggest city as a military confrontation sparked by Hezbollah intensified.
- Crude oil rose above $76 a barrel for the first time, as violence in the Middle East and Nigeria posed a threat to supplies.
- California and 33 other states plan to file a price-fixing lawsuit seeking “hundreds of millions of dollars” from Infineon Technologies, Hynix Semi and five other computer memory-chip makers.

Wall Street Journal:
- Staples Inc.(SPLS) is using contests to find amateur inventors with exclusive items it can sell under its own brand.
- San Francisco officials are examining telecom contracts with AT&T(T) to determine whether action should be taken against the company for alleged cooperation with the National Security Agency, citing Mayor Gavin Newsom.
- Harvard University faces the loss or postponement of four donations, totaling $390 million, as a result of Lawrence Summer’s resignation as president of the university.
- Biotech companies are increasingly choosing to be acquired by bigger pharmaceutical companies instead of going for an IPO, citing a study by Bain & Co.
- Capital One Financial’s(COF) auto-lending unit is testing an online car buying service that lets users get a guaranteed ceiling price before walking into a dealership.

NY Times:
- Weinstein Co. and BET Holdings are close to forming a joint venture to make so-called urban movies and television shows.

Emirates Today:
- General Motors(GM) sold 20% more cars in the Middle East in the first half of the year than it did in the same period last year, led by the United Arab Emirates, where business doubled.

Neue Zuercher Zeitung:
- Swiss and US governments have signed an agreement to broaden their cooperation in anti-terror investigations.

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