Monday morning headlines

Stocks move higher: The economy is looking so weak that there's talk of Federal Reserve intervention. Dow is up about 40 points in early trading.

Hurd's woman friend comes forward: Her name is Jodie Fisher, an actress/reality show contestant/Congressional staffer/marketing consultant/real estate executive who insists she did not have an affair with the H-P CEO. But it's still not clear what kind of relationship they did have. From the NYT:

People close to Mr. Hurd portrayed him as abhorring business lunches and dinners, preferring instead to do business on his own. One said that while Mr. Hurd did not have a romantic relationship with Ms. Fisher, he did enjoy her company at meals as he wound down from long days. Gloria Allred, Ms. Fisher's lawyer, said that her client, "is a single mom focused on raising her young son."

iPhone executive leaves: Mark Papermaster, who had been with Apple less than two years, was pushed out after a series of hardware problems, most notably the antenna of the recently introduced iPhone 4. (NYT)

Donors avoiding pot initiative: The polls are not looking good, and the big money contributors are not coming forward. (LAT)

Demand Media to go public: The Santa Monica Web company posts how-to type stories and videos. No word yet on how much money is looking to be raised. (LAT)

Boeing wins satellite award: It's a $600-million deal and the work will be done at the company's El Segundo operation. Also benefiting are about 20 L.A.-area suppliers. (Daily Breeze)

Broad museum moves closer: Councilwoman Jan Parry said construction of the downtown modern art museum could begin as soon as October if the L.A. County Board of Supervisors and the Joint Powers Authority also give the go-ahead. (LA Weekly)

Some good news for magazines: Ad pages and ad rates actually increased in the first half of the year, though circulation fell slightly. (Paid Content)