No Drilling: President Obama will announce a six-month ban on drilling new deepwater oil wells, the Washington Post reports.
Lawyering Up: Transocean has turned to Sutherland Asbill & Brennan to handle litigation stemming from the oil spill in the Gulf, The National Law Journal reports.
No Surrender: Google has balked at requests from regulators in Germany and Hong Kong to surrender fragments of Internet data and e-mails it had improperly collected from unsecured home wireless networks, saying it needed time to resolve legal issues, according to The New York Times.
Lehman's Lawsuit: Lehman Brothers Holdings Inc.'s estate sued J.P. Morgan Chase & Co., alleging J.P. Morgan illegally siphoned billions of dollars from Lehman in the days before the troubled investment bank filed for the largest bankruptcy in U.S. history, The Wall Street Journal reports.
Privacy Please: Facebook is beefing up privacy protections on the world's most popular online social network, addressing mounting pressure to better secure personal data exchanged among its nearly 500 million members, according to Reuters.