peHUB Second Opinion 07.19

Not California: What five state's did Moody's put on watch for downgrade? Blowout Earnings: Apple sold 20.3 mln iPhones and 9.25 mln iPads. And, Apple confirms that OS X Lion will be released Wednesday. Not Me: Rupert Murdoch denies knowledge of phone-hacking scandal and then nearly gets hit with a pie. Humble Pie: What other rich and famous people got smacked with pies? How to Defend Your Man: What CEO wives can learn from Wendi Deng. Deal Possible: MSFT drops out of the bidding for Hulu leaving Yahoo. What Financial Crisis? Warburg Pincus plots $12 bln fund. Bleak House: Neil Gaiman, author of American Gods, gives his list of top 10 books to read. Good on Paper: It's time for the Southern California newspaper market to consolidate, says The Deal's Richard Morgan.