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.

Craigslist founder "speechless" at CNN's sex trafficking questions.

GM invested $5 million in Bright Automotive, a plug-in hybrid start-up.

Green Mountain Coffee Roasters finds customers flocking to single-use, non-green cups.

Hyundai aims to increase the average fuel efficiency of its U.S. vehicle lineup to 50 mpg within 15 years.

Intel, the world’s largest computer chipmaker, agreed to end chip war with rivals and promised U.S. Federal Trade Commission it wouldn't use "threats, retaliation or exclusive deals to block customers from buying competitors’ products" as a condition of today's FTC-announced settlement.

Tesla CEO says the California-based electric vehicle-maker is proving its critics wrong.

Time Warner raises outlook on stronger ad sales and box office earnings.

Toyota posted $2.2 billion in second quarter profit.

Verizon may take TV wireless with reported tablet project with Motorola.

Vonage released a free phone call app for Facebook users.

Americans are spending more on electronics than on durable goods such as furniture, according to U.S. government data.