Newspaper wrap-up: Karl Rove to resign

MAJOR PAPERS:

White House deputy chief of staff Karl Rove is expected to resign August 31, reported the Wall Street Journal.
Quantitative fund managers, including Barclay's (NYSE: BCS) and Goldman Sachs (NYSE: GS), are expected to start providing information on their funds activity which were part of the roller coaster stock market the past weeks, according to the Wall Street Journal.
According to the Wall Street Journal, the European Central Bank and the Bank of Japan have added liquidity to markets: The ECB added $65.28B at rates beginning at 4.06% and The Bank of Japan added $5.07B to markets.
The Financial Times reported, citing a person "briefed on the situation," that Citigroup Inc (NYSE: C) has lost more than $700M in credit business in recent weeks, but this is not a serious problem for the company as it earned $20B last year.

OTHER PAPERS:

Lord Marland, the former Tory Party Treasurer, and the Reuben brothers may join together to make a joint offer for Orient-Express Hotels (NYSE: OEH), valued at $3B, reported the Telegraph.
According to Kommersant, PepsiCo (NYSE: PEP) has reached an agreement to purchase over 70% of the stock of Lebedyansky, Russia's largest juice producer, for between $1.5B and $2B.

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