It's Official: The Republican Party formally nominated Mitt Romeny for president, launching its convention with two goals: to make the GOP contender more appealing and to sharpen the case against giving President Obama a second term, the Washington Post reports.
Stormy Weather: Hurricane Isaac drove water over the top of a levee on the outskirts of New Orleans on Wednesday, triggering life-threatening flooding seven years to the day after Hurricane Katrina, Reuters reports.
Bank Woes: The legal headaches at HSBC may not go away anytime soon, and when they do, the resolutions could be costly. The bank has been ensnared by some of the largest federal inquiries into the banking industry, The New York Times reports.
Happy Birthday: Occupy Wall Street, the global movement against inequality that ignited in Manhattan last year, will mark its first anniversary by trying to block traffic in the financial district and encircle the New York Stock Exchange, Bloomberg reports.
Trial Begins: The case shocked and divided the small Southeast Texas town where authorities allege an 11-year-old girl was repeatedly sexually assaulted over a period of months in 2010 by a group of 20 males. Now the first trial stemming from the case is set to be heard by a jury, the Associated Press reports.