Frontrunning: August 15


  • Barack Obama's 'vacation from hell' (Politico)
  • Russian aid convoy checked; military vehicles mass near Ukraine (Reuters)
  • Ukraine Says APCs Entered From Russia to Aid Insurgents (BBG)
  • Islamic State Said to Challenge Al-Qaeda for Leadership (BBG)
  • Missouri protests calmer after governor puts black police captain in charge (Reuters)
  • Finally someone will prove the US is a pyramid scheme (in a 1000 page presentation): Ackman’s Pershing Square Sues U.S. Over Fannie, Freddie (BBG)
  • Banks, Financial Firms Load Up on Cheap Debt (WSJ)
  • Putin to Meet Finnish President as Threat of Cold War Grows (BBG)
  • SEC Casts Wide Net in Probe of Microcap Stock (WSJ)
  • Putin Pacific Gambit Threatens New Market (BBG)
  • Obama Won't Return Money From Tax Deals He Dislikes (BBG)
  • Apple stores user data on servers in China for first time (Reuters)
  • Traders Lured to Bet on Power Overloads Worth Billions (BBG)
  • Billionaire Lang Walker Says Sydney Home Market ’Too Hot' (BBG)
  • China’s Savers Put Record $2.1 Trillion in Wealth Products (BBG)
  • Obama says Sinjar siege broken, some personnel to leave Iraq (Reuters)

 

 

Overnight Media Digest

WSJ

* Iraqi Prime Minister Nouri al-Maliki relinquished power on Thursday, ending eight years of tumultuous rule and opening a new political chapter that U.S. officials hope will move Iraq towards a more united front against marauding jihadists. (http://on.wsj.com/1uV9DhL)

* Missouri Governor Jay Nixon put the state highway patrol in charge of security in Ferguson on Thursday in hopes of quelling nightly clashes between protesters angry over a police shooting of an unarmed black teenager and SWAT teams using tear gas. (http://on.wsj.com/1qb76f6)

* The euro-zone economy stalled in the second quarter, raising the ugly prospect that the region's meager recovery has lost momentum just as it faces fresh headwinds from Russia and Ukraine. (http://on.wsj.com/1t1A0SF)

* The Securities and Exchange Commission is investigating the auditor of Cynk Technology Corp, the tiny social network that soared to a $6 billion valuation last month and then came crashing back down to earth, say people close to the probe. (http://on.wsj.com/XlpPhd)

* Swedish appliance manufacturer Electrolux AB has held preliminary discussions about acquiring General Electric Co's appliance business, joining a group of other potential suitors considering a deal that could expand their reach in North America. (http://on.wsj.com/YaVYby)


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