The price of oil has dropped after Hurricane Gustav did less damage than initially feared. [CNNMoney]
Lehman news of the day: Korea Development Bank is, in fact, in talks to buy a stake in the bank. [Bloomberg]
Some of the biggest hedge funds are having their worst years in history. Among the biggest losers: Atticus Capital, Cantillon, and GLG Partners. [WSJ]
Taking aim at Microsoft, Google is unveiling a browser of its own called Google Chrome. [NYP]
Commerzbank stock has taken a beating following its decision to buy Dresdner Bank for $14.4 billion amid concern by investors that it's overpaying. [Bloomberg]
KKR's IPO prospectus "gleefully contrasts itself" from Steve Schwarzman's Blackstone. [WSJ]
Bankruptcy pro Harvey Miller of Weil Gotshal explains why he's going to be busy this fall. [NYP]
