Obama endorses 1967 borders plan for Palestine
President Obama urged Israel and the Palestinians to accept 1967 border lines with land swaps as the basis for a future Palestinian state. Netanyahu rejected a full withdrawal, while Obama criticized Palestinian UN statehood bids and urged stability amid regional upheaval.
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Amazon says e books outpace printed books in sales
Noting that since April 1, Amazon has sold 105 e books for every 100 printed books, excluding free e books. Printed titles include hardcover and paperback. The firm also said e book sales surpassed hardcover sales in July and are three times higher than a year ago, with analysts estimating about two thirds of U.S. e book sales.
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Markets Update From Thursday Trading Session
The Dow at 12 605.32, down 4514 points for the day, Nasdaq at 2 823.31, S&P 500 at 1 343.60 up 2.92. Treasuries yield 4.30 percent on the 30 year. Commodities show corn at 7.48, soybeans steady at 13.80, wheat at 9.45, and oil at 98.93 with a 1.63 drop.
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GOP blocks Obama's judicial nominee
In a party line vote, Democrats fail to end a filibuster against Goodwin Liu, a liberal UC Berkeley law professor and Rhodes Scholar nominated to the 9th U.S. Circuit Court of Appeals. Liu’s supporters tout his qualifications and liberal record, while Republicans cite activist writings and remarks about Roberts and Alito to oppose an up or down vote.
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LinkedIn Goes Public Shaping Wall Street’s Revival Buzz
LinkedIn debuted on the New York Stock Exchange with a $45 price, surging to as high as 122.70 and closing at 94.25, giving the firm a $9 billion valuation. Analysts say the IPO could spark renewed investor enthusiasm for growth tech amid a late 1990s style rally. The company plans to monetize mainly through recruitment fees and services for employers, with revenue growth fueling lofty valuation multiples.
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