In the News: BP's Nightmare Continues

The good news: BP's latest maneuver in the Gulf got off to a good start. The bad news: its shares are in freefall as takeover speculation increases, the Guardian calls its "future in doubt" and criticizes "clumsy response," and scientists fear spill's long-term effect on food chain and underwater ecosystem. Meanwhile, US late-night comedian Jon Stewart chided President Obama for breaking spill promises.

Steve Jobs said Apple has sold an iPad "every three seconds," envisions a post-PC era and defended his Taiwanese iPhone-maker, among other D8 remarks.

Facebook advertisers have quadrupled since 2009.

P&G's rumored interest in Rubbermaid sends Newell shares soaring.

Toyota rolls out first Lexus campaign in wake of recalls.

World Cup fever is taking over the Web, especially in the UK.

AT&T introduced tiered pricing for iPhones, eliminating unlimited $30 data plan.

Balenciaga opened its first seasonal store in New York's tony Hamptons area.

NBA cooks up edible team logos for pizza-loving basketball fans.

Gillette returns to celebrity advertising post-Tiger Woods scandal.

Hanes' new Michael Jordan campaign adds new sidekick post-Charlie Sheen scandal.

Honda will sponsor new National Geographic Channel series this fall.

Nestle's Kit Kat brand is under fire for implying sponsorship of England's World Cup team.

Odwalla expands plant-a-tree program to all 50 US states.

Subway launches mobile loyalty scheme in the UK.

Telefonica is closing in on Vivo, Brazil's biggest wireless operator.

Walmart makes $1 bet to goose US sales.

Author Justin Cronin turns to vampires, dubbed next Stephenie Meyer.

FashionAdExplorer launches; serves up fashion ads and no editorial.

83.5% of Americans watched online video last month; YouTube, of course, dominated.