Financial Times
Facebook sues 'knock-off' German site
Facebook filed a copyright lawsuit against StudiVZ, a German company that it has accused of running a "knock-off" of the social networking website
Freddie and Fannie rescue hopes grow
Richard Shelby, the powerful Republican senator, said that the US Treasury department's plan to rescue Fannie Mae and Freddie Mac could be approved by Congress within two weeks, in a sign that opposition to the proposal on Capitol Hill is waning
US builders forced to sell off holdings
Demand for new homes on the outskirts of US towns has fallen spectacularly in the last three years, while foreclosures and speculative building have created a far greater supply of homes than there are buyers
Poor tech sector profits weigh on Wall St
US stocks were mixed but were set to break their longest run of weekly losses in four years after Citigroup posted better-than-expected earnings, offsetting some poor results from Google, Microsoft and Merrill Lynch
Threat of 'no-fun' Olympics
Just three weeks before the Beijing games, concerns are growing that sweeping security measures could suck all the fun out of the world's biggest sportsfest
Citi's $2.5bn loss less than feared
Citigroup capped a wild week for US equity markets, unveiling $7.2bn of writedowns and a smaller-than-expected loss that prompted investors to return to financial stocks as despair again gave way to relief
MTN quits Reliance talks
South Africa's MTN walked away from a potential combination with India's Reliance Communications on Friday, scuppering the creation of an emerging market telecoms giant and damaging the standing of corporate India
Iraqis divided on pull-out plan
As Barack Obama prepares to visit Iraq, people across the country and politicians are divided over the presumptive Democratic nominee's plan to withdraw US troops in 16 months if be becomes president
Legg Mason to back Yahoo's board
Yahoo won an important supporter in its fight against activist investor Carl Icahn as Bill Miller, Legg Mason's chief investment officer, said he expected to back the existing board at the company's annual meeting on August 1
Teva to buy Barr for $7.5bn
Acquisition will boost Israeli group's position as the largest seller of off-patent medicines
Freddie Mac secures SEC registration
Freddie Mac cleared one of the last remaining obstacles to raising new capital through a stock offering as it fulfilled an agreement made with regulators six years ago before the company uncovered $5bn of accounting errors and restated earnings
CME sweetens bid for Nymex by $113m
CME Group, the world's largest futures exchange, sweetened its bid to take over Nymex by $113m, focusing its efforts on winning over members of the New York energy exchange while keeping its offer to shareholders unchanged
BP expands US gas operations
BP is expanding its US gas operation, paying $1.75bn for properties in eastern Oklahoma that could hold 2,000bn cubic feet of 'tight gas'
Trichet sees eurozone growth rebound
Eurozone growth is likely to rebound later this year after the current weak patch, Jean-Claude Trichet, president of the European Central Bank, has argued in comments that suggested he sees the region avoiding a severe downturn
Oil rebounds while gold consolidates
Oil prices staged a rebound after dropping below the $130 level in the previous session while gold prices traded in a narrow range
Qatar now Barclays' biggest shareholder
The Qatar Investment Authority has become Barclays' largest investor after less than a fifth of the bank's existing shareholders participated in its £4.5bn capital-raising issue.
SEC to grant some leniency on short sales
US regulators said they would grant some leniency to certain market makers who sell stocks short, responding to pressure from fund managers and brokerages to clarify how new restrictions on the practice would work
Merrill Lynch hit by $9.4bn writedown
The battered investment bank spoiled investors' appetite for financial stocks and dealt a setback for its chief executive after reporting a $4.6bn loss in the second quarter
Gore seeks 100% green energy
The former vice-president urges the presidential candidates to take up the challenge to produce all of the US's electricity from zero-carbon sources within a decade
Coca-Cola sees $5.3bn writedown
A one-two punch of higher commodity prices and increasingly frugal US consumers is forcing the company's largest bottler to write down the value of its business by $5.3bn
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