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Two Investors Fight for Board Seats: Relational Investors LLC and the California State Teachers' Retirement System have launched a fight for board seats at Occidental Petroeum Corp. Huang Wants Liverpool Football: Kenneth Huang, a Hong Kong businessman, wants to take control of the Liverpool Football Club by the end of this month. Another E-Book Probe: Connecticut AG Richard Blumenthal disclosed a preliminary review of the pricing agreements between five of the country's largest book publishers and two leading digital retailers: Apple Inc. and Amazon.com Inc. Bank Takes Bomber's House: The house of attempted Times Square Bomber Faisal Shahzad became the property of his lender after a public foreclosure auction over the weekend. Rapportive Gets $1 Mln: Gmail plugin Rapportive has received $1 million from a group of Angel investors, including Jason Calcanis and gmail creator Paul Buchheit. Top Party School: University of Georgia took top honors as the best party school while MIT students study the most and Brown students were the happiest. LBO Image Problem: David Rubenstein, co-founder of the Carlyle Group, says PE firms haven't solved their biggest problem: their image. Town Uses Google to Spy: The town of Riverhead, Long Island uses Google Earth to find out if neighbors have illegal swimming pools.

Rising Ocean Temps: Rising sea temperatures can harm the tiny plant life that forms the base of the oceans' food chain as well as affect the diversity of marine life. AZ Immigration Law: A judge has blocked key parts of the Arizone immigration law. Does this mean AZ can host the 2011 All-Star game now? Bill Gross's Toilet Talk: PIMCO founder spends first half of August's outlook talking about the indignityof the automatic flush, from Dealbreaker. Hot Potato is a Hot Potato: Facebook is paying $10 million for social activity service, Hot Potato. CA's Money's Problems: California Governor Arnold Schwarzenegger declares a state of fiscal emergency.

Who Leaked: Bradley Manning, a U.S. Army intelligence analyst, is being investigated by the Pentagon to see if he's the sources of leaks to WikiLeaks. Who says whistleblowers are protected? iPhone App Flaw: Citigroup told its U.S. mobile banking customer to upgrade their iPhone application after the bank's original verison was found to have a flaw. Sniff-and-Go Tech: Fisabled people, quadriplegics and those “locked in” by complete paralysis can use a device operated by nose sniffs to use computers or operate wheelchairs, according to an Israeli study. Reality Show Trader: Ross Mandell, the Sky Capital founder who was accused of conspiracy and securities fraud, plans to use a reality show to portray his innocence. Porsche's Electric Car: Porsche confirmes that it's developing an all-electric sports car based on its Boxter, according to TechCrunch.

Goldman, the Movie: Goldman Sachs, once the nation's most hated company (before BP came in and took the title) is coming out with a movie about itself. iPhone Delay: Manufacturing problems delay release of white iPhone 4. Facebook forgery: Facebook says that a contract from a man who claims he owns 84% of the company is likely a fake. Toys "R" Us Debt: Toys "R" Us, which has filed for an IPO, is seeking a $1.8 billion revolving line of credit. Who's Afraid of Steve Jobs: Not Consumer Reports. The 74-year-old magazine made Jobs apologize and Toyota roll over. Oracle Says Oops: Oracle President Charles Phillips mispoke on conference call this week when he said the company would double the pace of acquisitions over the next five years. That was wrong. iMac Reboot: Apple may be preparing to overhaul its entire computer line from the Macbook Air, MacPro and iMac, according to TechCrunch. $35 laptop: India has come out with the world's cheapest "laptop" at$35.

Deutsche Bank Fined: Finra (the Financial Industry Regulatory Authority) has fined Deutsche Bank $7.5 million for "negligently misrepresenting delinquency data" in connection with the issue of subprime securities. Suing BP: Pension funds in New York and Ohio hope to be lead plaintiffs in a class action lawsuit against BP. Starbucks Sizzles: Instant coffee sales causes Starbucks third quarter profit to climb 37%. A Failed Love: President Obama and Wall Street apparently now hate each other, according to DealBreaker. Google Gets Legal Gun: Google has hired Elizabeth Moody to assist them with negotiations with music labels and other rights holders for their upcoming Google Music service, according to TechCrunch. Facebook Makes it Official: Facebook, in one of the most over-hyped and least surprising tech milestones, confirmed Wednesday that it has hit 500 million users. iPad Fix: Cafe Ease in Tokyo provides an iPad on every table for users to get their Net fix.

The Economy: Seven Reasons Why a Double Dip Recession is unlikely. Good News On HIV Front: A vaginal gel containing Gilead Sciences Inc.’s AIDS drug Viread cut HIV infections by as much as 54 percent in a trial in South Africa. Calsters Up: The California State Teachers’ Retirement System, the second-biggest U.S. public pension fund, earned 12.3% in the year ended June 30. Madoff's Sorrow: Ruth Madoff seeks redemption in Boca Raton, from Dealbreaker. Bad for Books: Books sold on the Kindle are now outpacing the hardcover books Amazon sells, according to TechCrunch. How to Work for Mayor Bloomberg: The Bloomberg administration selects children of rich and connected for internship. Sadly, we are not surprised.

Apple Isn't Perfect: Steve Jobs, Apple's CEO, apologizes to customers for iPhone 4's reception problems and offers to give them a free protective cover. That just makes everything so much better. Gulf Disaster Stopped: BP says that a newly placed cap is withstanding testing and stopped the oil gushing out of the Gulf. But do we believe them? An Olympic Deal: Dow Chemical has signed on to be a global sponsor of the Olympics and hopes to make $1 billion over the next 10 years by supplying building materials for game facilities. Vanishing Skype: Skype, which has offered an iPhone application for quite a while, has mysteriously vanished from the iPhone Apple store. PE Lawsuits are Cool: A (very) brief history of private equity lawsuits, from Jennifer Rossa.

NY Teachers Pick Hamilton: New York City’s $37 billion pension fund for schoolteachers plans to hire Hamilton Lane Advisors as a consultant as it reevaluates its private-equity investments. Microsoft iPhone Prediction: Kevin Turner, Microsoft COO, predicts that iPhone 4 might be Apple's Vista and he's "okay with that. " BP a good Investment: T. Boone Pickens, the billionaire energy investor, says that BP is a good investment since the shares are rebounding. Avandia Stays: An FDA has voted to keep Avandia on the market despite the risks of heart attacks. Oil disaster and M&A: The Gulf disaster is affecting bank mergers in the region. Bankers sue doggie day care: Heartless negligence leads to pet's death and banker couple sues Doggie Love, according to Dealbreaker.

Google likes Farmville, too: Google has secretly invested $100 million in Zynga, which is responsible for FarmVille and MafiaWars. Bad Reception: Consumer reports says No to the iPhone4. Peltz is Looking for Money: Billionaire Nelson Peltz is seeking to raise $1.5 billion for a fund aimed at buying minority stakes in public companies. Citi CEO not so bad: Vikram "Vickles" Pandit has done a fair to decent job at Citi and gets an award, according to DealBreaker. A New V8: Campbell's is introducing a V8 V-Fusion drink with green tea that it hopes people will drink during the afternoon hours. Campbell's is also launching a carrot-based V8 vegetable drink to attract consumers who may not like tomato juice. Whistleblowers not anonymous: Corporate audit committee members are less likely to consider tips about misdeeds as credible if the tipster remains anonymous.

Son in Charge: Brett Icahn takes high profile role in Lions Gate negotations. Another NPT lawsuit: NTP Inc., which last sued RIM Ltd., has sued Apple, Google, HTC Corp., LG Electronics, Microsoft and Motorola over patents related to the email delivery to cell phones. No free checking: Wells Fargo has cut free checking for new customers as it prepares for sticter consumer protection regulations. Having fun at Sun Valley: Media moguls gather to talk deals and to knit, bike, take yoga classes and, of course, golf. Skipping the Meeting: Only one of the FCC's five regulators will bother Tuesday to attend the agency's "public workshop" in Chicago on the proposed Comcast-NBC Universal mega merger. Return of the Blimp: You remember blimps. Big, puffy and they fly. Now comes word that they may make a comeback as a greener cargo carrier.