Today's Headlines

Bloomberg:
- Federal Reserve officials said risks to economic growth last month were “more balanced” than in May and reiterated that inflation remains the biggest policy concern.
- The Robin Hood Foundation, a poverty fighting NYC charity that was criticized by lawmakers for investing in hedge funds run by board members and donors, said it would stop the practice.
- Viacom Inc.(VIA/B) shares rose the most in 11 months on speculation that a rift between Chairman Sumner Redstone and daughter Shari Redstone may lead to a sale of the company.
- Federal Reserve Chairman Ben Bernanke is preparing the ground for the longest freeze in interest rates in two decades.

Wall Street Journal:
- Clearwire Corp.(CLWR) and Sprint Nextel(S) are close to an agreement to allow each other’s customers access to their wireless roaming services.
- The National Hockey League will broadcast games live on the Internet next season to try and make up for dwindling television ratings in the US.
- US consumers can pay once to buy voice-over-Internet-protocol hardware from Ooma that enables phone calls through the Internet with no more monthly bills, Walt Mossberg wrote.
- Walt Disney(DIS) plans to use some of its star performers on its cable television Disney Channel and record labels.

NY Times:
- Former Tennessee Senator Fred Thompson is expected to enter the US presidential race with a national announcement tour after Labor Day in early September, citing aides.
- Cerberus Capital Management LP, the private equity firm that bought Chrysler Group from DaimlerChrysler AG in May, is expected to make a bid for Ford Motor’s(F) Jaguar and Land Rover units today.
- Method Products, a seller of environmentally friendly household cleaners, this week began the largest advertising campaign in its seven-year history.

NY Post:
- Foot Locker(FL) is exploring a possible sale of the company, and has hired Lehman Brothers Holdings(LEH) to advise it.

Seattle Times:
- Kevin Durant, the second pick in last month’s NBA draft, signed a seven-year, $60 million endorsement contract with Nike Inc.(NKE).

Business Week:
- The board at Motorola Inc.(MOT) started discussions to replace CEO Zander.

AP:
- The European Union endorsed the mobile-television standard, known as DVB-H, or Digital Video Broadcasting for Handhelds, which is backed by a group of companies headed by Nokia Corp.(NOK).

Australian:
- Australia’s BHP Billiton(BHP) isn’t interested in making a bid to buy part or all of Alcoa Inc.(AA).