Frontrunning: August 29


  • Obama Cools Talk of Strikes Against Islamic State in Iraq or Syria (WSJ)
  • Separatists say will allow 'trapped' Ukrainian forces to withdraw (Reuters)
  • Ukraine Fighting Surges as Russian-Backed Forces Gain (BBG)
  • Missouri police sued for $40 million over actions in Ferguson protests (Reuters)
  • BTFDividend stocks? Tesco Slumps as Retailer Slashes Dividend 75% on Forecast (BBG)
  • In town halls, U.S. lawmakers hear voter anger over illegal migrants (Reuters)
  • Obamacare’s Latest Threat Nears Turning Point in Court (BBG)
  • Untangling the Mess of Austrian Bank Hypo (WSJ)
  • The billion-dollar fall of the house of Espirito Santo (Reuters)
  • Manhattan Condo Resale Prices Reach Record High (BBG)
  • California Drought Squeezes Wells: State Considers Regulating Groundwater Use for First Time (WSJ)
  • Hedge Funds Hunting Clues in Treasury Tax-Inversion Limit (BBG)
  • Tragedy-hit Malaysia Airlines to lose 6,000 jobs in bold revamp (Reuters)
  • Jet Fuel Crunch Strikes New York Airports Before Holiday (BBG)
  • Volcano Erupts in Papua New Guinea (WSJ)
  • Google tests airborne drones to deliver goods (Reuters)
  • Corn Heists Turning Grain Port Into Argentina’s Chicago (BBG)
  • Syrian refugees top 3 million, half of all Syrians displaced: U.N. (Reuters)
  • IBM launches Watson system for research, hopes for breakthroughs (Reuters)

 

Overnight Media Digest

WSJ

* President Barack Obama signaled the U.S. has no immediate plans to escalate military operations against Islamic State extremists in Iraq or Syria, stressing the need to counter the group's advance while formulating a broader strategy to protect U.S. interests and allies. (http://on.wsj.com/1tQuYsK)

* Google Inc's advanced-research lab Google X said on Thursday it was developing a system of drones to deliver goods. Google said a 5-foot-wide single-wing prototype from its Project Wing carried supplies including candy bars, dog treats, cattle vaccines, water and radios to two farmers in Queensland, Australia, earlier this month. (http://on.wsj.com/VU8ytR)

* Some of the nation's largest banks distanced themselves from a cyberattack that hit J.P. Morgan Chase & Co, saying they had no indication they had been the victims of a similar incident. Their comments came as law-enforcement officials pursued investigations of potential breaches at J.P. Morgan and a handful of other financial institutions that haven't been identified. (http://on.wsj.com/1orM2j8)


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