- Gunman kills 14 in Denver shooting at "Batman" movie (Reuters)
- Full retard meets Math for Retards: Spain Insists $15 Billion Aid Need for Regions Won’t Swell Debt (Bloomberg)
- World braced for new food crisis (FT)
- Banks in Libor probe consider group settlement (Reuters)
- U.S. banks haunted by mortgage demons that won't go away (Reuters)
- Ireland Bulldozes Ghost Estate in Life After Real Estate Bubble (Bloomberg)
- China will not relax property control policies (China Daily)
- Russia, China veto U.N. Security Council resolution on Syria (Reuters)
- Kim to reform North Korean economy after purge (Reuters)
WSJ
THE GLOBE AND MAIL
* As police laid a first charge in connection with a brazen block party shooting in Toronto's east end, community leaders and politicians called for more support for the gang-diversion programs which they say have a proven record of keeping at-risk kids out of trouble.
* Alberta Premier Alison Redford is quietly building support among her provincial colleagues for a national energy strategy, saying Canada's prosperity hinges on forging a united front to exploit the country's vast resource riches.
NATIONAL POST
* The Canadian national defence department spent more than C$22.7 million ($22.54 million) buying cluster bombs that Ottawa now says it wants to ban and destroy at a cost of another C$2 million - a job that will inevitably be outsourced because no Canadian company is capable of disposing of the controversial weapons, the National Post has learned.
FINANCIAL POST
* TD Bank is gaining on Royal Bank of Canada's lead as the country's biggest brand, and while BlackBerry has taken a precipitous fall, its brand still has significant global value, according to the latest rankings from Brand Finance Canada.
FT
OSBORNE BLOCKS RENEWABLES SUBSIDIES -
British finance minister George Osborne is blocking a new subsidy regime for renewable energy because he fear it will deter investment in gas-fired power stations.
WORLD BRACED FOR NEW FOOD CRISIS
The world is facing a new food crisis as the worst U.S. drought in more than 50 years drives up commodity prices.
SYRIAN REBELS SEIZE KEY BORDER POSTS
Syrian rebels took control of key crossings on the borders with Iraq and Turkey while fighting raged on in Damascus.
REGULATOR GEARS UP LIBOR INQUIRY
The UK markets watchdog, the FSA, is set to step up its lines of inquiry into the attempted manipulation of benchmark interest rates.
LLOYDS AGREES TO SELL 630 BRANCHES TO CO-OP
Lloyds Banking Group has agreed the sale of 632 branches to the Co-Operative Group.
GOOGLE PRESSED ON MOBILE SERVICES BY EU
Joaquin Almunia, the EU's competition commissioner, is demanding that Google makes changes to its mobile services as plans to serve formal charges against the company.
ANADARKO SHELVES BRAZILIAN SALE
Anadarko Petroleum Corp has put the sale of some of its assets in Brazil on hold.
NEW KKR FUNDS TO TARGET RETAIL INVESTORS
Private equity giant KKR & Co will launch a mutual fund aimed at individual investors, which will focus on 'special events' around the globe, such as Europe's debt crisis.
NYT
* The flaws in the rate-setting process, which is used to determine the pricing for trillions of dollars of financial products, have been exposed by the latest banking scandal. Regulators around the world are investigating whether big banks gamed the rates for their own benefit before and after the financial crisis.
* Google Inc wants the world to know that it has grown into a new identity - it is a mobile company now. The financial report it issued Thursday reflects the growing pains that have accompanied the transformation.
* An accounting charge related to Microsoft Corp's ill-fated acquisition of an online advertising business led to a loss for the software giant's last quarter, its first in more than two decades as a public company.
* While many banks are getting battered by the trading slump, Morgan Stanley is feeling the pain more acutely. On Thursday, the bank reported a 24 percent drop in revenue for the second quarter, driven by a significant decline in bond, currency and commodity trading.
* Yahoo Inc lured Marissa Mayer from Google with a lavish pay package that could total $129 million over five years - if she is able to get the company growing.
* Duke Energy Corp tried to back out of a deal to buy Progress Energy as it faced increasing regulatory hurdles, the combined company's ousted chief said in testimony on Thursday.
Canada
THE GLOBE AND MAIL
* As police laid a first charge in connection with a brazen block party shooting in Toronto's east end, community leaders and politicians called for more support for the gang-diversion programs which they say have a proven record of keeping at-risk kids out of trouble.
* Alberta Premier Alison Redford is quietly building support among her provincial colleagues for a national energy strategy, saying Canada's prosperity hinges on forging a united front to exploit the country's vast resource riches.
NATIONAL POST
* The Canadian national defence department spent more than C$22.7 million ($22.54 million) buying cluster bombs that Ottawa now says it wants to ban and destroy at a cost of another C$2 million - a job that will inevitably be outsourced because no Canadian company is capable of disposing of the controversial weapons, the National Post has learned.
FINANCIAL POST
* TD Bank is gaining on Royal Bank of Canada's lead as the country's biggest brand, and while BlackBerry has taken a precipitous fall, its brand still has significant global value, according to the latest rankings from Brand Finance Canada.
European Economic Update:
- Germany Producer Prices -0.4% m/m 1.6% y/y – lower than expected. Consensus -0.2% m/m 1.8% y/y. Previous -0.3% m/m 2.1% y/y.
- UK PSNB ex Interventions 14.4B – higher than expected. Consensus 13.4B. Previous 17.9B. Revised 18.4B.
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