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A justice department memo obtained by NBC News says the president can order drone strikes on Americans overseas if they take on leadership posts in al-Qaida or affiliated organizations and are "imminent" threats to Americans. But there's no need for proof of "specific" plans aimed at the U.S.

Much of the political focus when discussing the Bush-era tax cuts is on the wealthy, but they're not the only ones who would be affected if the tax cuts are allowed to expire at the end of this year.

President Obama is in Iowa pushing his plan to extend tax cuts to the middle class — but not the wealthiest Americans. Mitt Romney is in Colorado accusing Obama of outsourcing jobs. Both states are up for grabs this November.

JPMorgan Earned $5 billion in the second quarter even after the company had a $4.4 billion trading loss. Bank CEO Jamie Dimon says "all of our client-driven businesses had solid performance" and that "we have put most of this problem behind us."

The decree, which granted the Egyptian president sweeping power, unleashed mass protests. Today, Mohammed Morsi softened his language, but stood his ground, saying the decree will not change.

Days before Google pulls the plug on its Reader RSS feed service, reality is sinking in for longtime users. And the market for free or low-cost replacements is growing, as Digg says its new reader is now ready. Other companies report a burst of new customers.

Also: An Oklahoma salesman is accused of stealing $2.8 million in textbooks; Joseph Epstein on why Kafka is overrated.

The cheapest place to make brushes these days is China. But there are still people pressing bristles into brushes in a factory in the Bronx, and in small plants across the country.

The Affordable Care Act included a sales tax on medical devices that is supposed to help pay for the expansion of health insurance coverage. But the tax is being levied on some devices, such as ultrasound scanners, that are used to diagnose and treat animals instead of humans.

Angela Ahrendts is leaving her post as CEO of Burberry to become the first woman in Apple's senior executive ranks. Ahrendts says she will work to improve customer service at the company's stores.