BP Report Finds Evidence of Wrongdoing: An internal investigation conducted by BP has found that the company made mistakes when finishing the oil well that went on to cause the worst natural disaster in American history when it exploded. Among those mistakes Bloomberg reports, was misreading pressure data that indicated a blowout was imminent. In a separate story, The New York Times explores the risks that arise out of the oil industry's push to drill deeper. Also, The Wall Street Journal examines the legal strategies that are emerging in the BP hearings.
Environmental Groups Losing Ground: The Washington Post reports that a year after environmental groups reached the peak of their influence, many are finding that their opponents are pressing their advantage and trying to undo the Obama administration's climate efforts. At two events last week in Wisconsin, environmental groups seemed to be trying two strategies: defiance and pleading for sympathy. Neither event drew enough people to fill a high school gym.
Europe's Economic Optimism: Bloomberg reports that European confidence in the economic outlook improved to the highest level in more than two years in August after surging exports helped the economy expand at the fastest pace in four years in the second quarter.
Microsoft Co-Founder Sues 11 Companies for Patent Infringement: The Recorder reports via Law.com that billionaire Paul Allen, co-founder of Microsoft Corp., filed suit Friday in federal court against 11 Internet search and e-commerce companies, including Apple Inc., Google Inc. and Facebook Inc., alleging that they're using technology developed at his now-shuttered Palo Alto, Calif., laboratory, Interval Research Corp. The suit was filed by Allen's company, Interval Licensing, in U.S. District Court in the Western District of Washington. Interval Licensing is represented by Susman Godfrey and Heim Payne & Chorush.
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