peHUB Second Opinion 7.16

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.