Manufacturing Slows Amid Brexit Weakness and Oil Prices
ISM shows July factory activity at 52.6, down from 53.2 as Brexit and low oil prices dampen growth. Verizon to buy Fleetmatics for about 2.4 billion after snapping Yahoo core assets for 4.8 billion. BMW designs 3D printed wheelchair for U.S. Paralympians, with ad during opening and Games.
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Institute For Supply Management
Verizon
Fleetmatics
Yahoo
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Solar panels and drones spark Black Hat security talks
Las Vegas conferences explore how solar arrays, drones, and connected cars could be hacked. Experts warn of risers in home solar systems, ride share risks, and ransom threats to vehicles, while drones and unsecured Wi Fi in rentals enable covert access.
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Vectra Networks
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Austin
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Yokogawa US
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Bishop Fox
Tempe
Ariz
Latimer
Oil prices dip below $40 as inventories stay high
Oil prices slid under 40 dollars a barrel in Monday trading, the first time this level since April, with West Texas Intermediate settling at 40.06. Analysts cite rising U.S. production, high inventories, and modest disruptions abroad, including Libya, Nigeria, and Canada, as factors. expect a delayed rebound due to refiners' reduced demand.
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West Texas
U.S
Glickman
U.S. Energy Information Administration
Libya
Nigeria
Canada
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