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From: FJB	7/12/2015 8:51:54 PM
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STORIES FROM Re/code: Under Tim Cook, Apple is betting heavily in China; the company wants to double the number of stores it has there by mid-2016. Because of the Chinese stock market collapse, that investment is pushing Apple's stock price downward to almost 10 percent lower than its February high of $133. [ Joseph Ciolli, Callie Bost and Lu Wang \| Bloomberg Business] Facebook may not be going after Apple or Spotify in the music streaming market, but it's going to press its efforts against YouTube by looking for music licensing deals. The company is reportedly offering the labels a better revenue split than YouTube, but the talks aren't that far along. [ Mike Isaac \| The New York Times] Wall Street banks are falling over themselves to get the plum job of handling Uber's impending initial public offering. The latest sign? J.P. Morgan, Goldman Sachs and Morgan Stanley are all pushing their employees to use Uber, among other tactical acts of flattery to win the ride-hailing service's favor. [ Nathaniel Popper \| The New York Times] The devastating hack of the U.S. Office of Personnel and Management is worse than was previously reported: The personal information (including Social Security numbers) of 21.5 million people was taken. [ Kim Zetter \| Wired] PC sales fell by 9.5 percent in 2015's second quarter, a decline worse than the already pessimistic expectations of industry analysts. [ Doug MacMillan \| The Wall Street Journal]

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