• U.S. inflation soared to a 17-year-high annual rate in July. [WSJ]
  • Dick Fuld's Lehman Brothers is in talks to sell a portion of its real estate assets to BlackRock. [Bloomberg]
  • Heinz may look to acquire Campbell Soup. [NYT]
  • JPMorgan and Morgan Stanley are close to ironing out a settlement with government regulators to buy back auction-rate securities from clients. [Bloomberg]
  • Wal-Mart posted a 17 percent rise in net income in the second quarter. [WSJ]
  • Barnes & Noble probably won't bid for Borders. [Marketwatch]
  • GM may sell its sagging Hummer division to Russian oligarch Oleg Deripaska. [NYP]