Frontrunning: July 24
- Humans Beating Robots Most Since ’08 as Trends Shift (BBG)
- Easing of Mortgage Curb Weighed (WSJ)
- European Banks Face Capital Gap With Focus on Leverage (BBG)
- Signs Suggest China Warming to Idea of Stimulus (WSJ)
- China Coal-Fired Economy Dying of Thirst as Mines Lack Water (BBG)
- Jeans and shoes show criminal underbelly of China-EU trade (Reuters)
- How U.S. drug sting targeted West African military chiefs (Reuters)
- Japan scrambles jets after China plane flies by southern islands (Reuters)
- Apple Plots Return to Growth After Coping With Aging Lineup (BBG)
- AT&T Falls Shy of Analyst Estimates as Discounts Hurt Margins (BBG)
- SAC insider trading case takes twist (FT)
Overnight Media DigestWSJ
* Federal prosecutors are preparing to announce criminal charges as early as this week against SAC Capital Advisors LP, the hedge fund giant that has been the target of a multiyear investigation into alleged insider trading, according to people familiar with the matter.
* Apple Inc proved Tuesday there is still demand for its venerable iPhone in the face of stiff competition, though it is running into trouble convincing consumers to buy its other gadgets.
* Egg producer Cal-Maine Foods Inc agreed to pay $28 million to settle claims in a series of antitrust lawsuits that alleged it and other producers agreed to curtail egg supplies to inflate prices.
* The Federal Communications Commission has proposed to include a slice of spectrum now controlled by the military in its first significant auction of airwaves in half a decade.
* Miners are taking a pickax to their exploration budgets, cutting spending to find new resources. But if demand picks up - as it usually has - miners may find themselves scrambling to boost production to catch up.
* Juniper Networks Inc said Chief Executive Kevin Johnson will retire as the network-gear company also reported its second-quarter profit surged 70 percent on higher revenue.
* An oil-production boom is delivering prosperity to pockets of the United States, but in West Texas, the epicenter of activity, it is also bringing trouble in the form of surging electricity prices.
* China's economy showed fresh signs of weakness in July as an initial gauge of manufacturing activity slumped to an 11-month low, leading economists to make comparisons to conditions seen shortly after the global financial crisis of 2008 and 2009.