It’s hard not to see an ill-fated stock manipulation case as an example of misplaced priorities at the Securities and Exchange Commission. Read more..

By JOE NOCERA - The New York Times

KB Home, the Los Angeles-based home builder that caters to first-time buyers, fell 9.1 percent after reporting a wider quarterly loss than analysts expected. Read more..

By BLOOMBERG NEWS - The New York Times

Despite losses in the billions this year, Gazprom’s chief executive reaffirmed major commitments to new pipelines. Read more..

By ANDREW E. KRAMER - The New York Times

Palm, maker of the new Pre smartphone, had its best day in five months in Nasdaq trading after reporting a smaller loss than analysts had estimated and spending less cash. Read more..

By BLOOMBERG NEWS - The New York Times

A letter to potential buyers said the company intended to make a deal quickly and initial bids were due on July 8. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

TMZ, a celebrity news Web site, reported Michael Jackson’s death well ahead of traditional news outlets, which hesitated to follow suit. Read more..

By BRIAN STELTER - The New York Times