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Takeaway: A quick look at stories on Hedgeye's radar screen.

Jay Van Sciver – Industrials

AMR-US Airways Deal Blocked by U.S. in Antitrust Suit (via Bloomberg)

Morning Reads on Our Radar Screen - 4488

Brian McGough – Retail

Ackman quits J.C. Penney board three years into turnaround push (via Reuters)

Josh Steiner – Financials

The many legal millstones weighing down JPMorgan (via AZCentral.com)

A.G. Schneiderman Sues Western Sky Financial And Cashcall For Illegal Loans Over Internet (via New York Attorney General Office)

Keith McCullough – CEO

Yet another US #GrowthAccelerating data pt for July > U.S. July Small-Business Optimism Index Rises to 94.1 (via Dow Jones)

Xinjiang violence: Two sentenced to death in China (via BBC)

Daryl Jones – Macro

LINN Energy not worth more than $18.00, Barron's says (via the fly on the wall)

Jonathan Casteleyn – Financials

Public Pensions Up 12% Get Most in 2 Years as Stocks Soar (via Bloomberg)

Matt Hedrick – Macro

Irish Banks Chasing Defaulters Who Sleep Well at Night (via Bloomberg)