In the News: BP, AOL, Cartier, Google

BP says it has plugged the spill in the Gulf, earning White House accolades now that three-quarters of the spilled oil is now gone. Still, work remains.

AOL reported a $1 billion loss for the second quarter.

Cartier is suing Hautelook over the alleged sale of inferior quality (read: secondhand) goods.

Forbes is selling its Investopedia site to ValueClick for $42 million.

Google is loosening restrictions on using brand names in its lucrative European advertising business, putting the onus on retailers to protect their trademarks online.Continue reading...