Alcatel-Lucent to Slim Down
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Wall Street Journal:Alcatel-Lucent plans to rework its balance sheet and significantly tighten its focus to a handful of core businesses, in an effort to return the telecommunications-equipment maker to profitability, the company said.
Funding Values Fab at Over $1 Billion
FollowWall Street Journal:Two-year-old design website Fab is now worth more than $1 billion, thanks to a $150 million venture-capital round led in part by Chinese Internet...
China's Wanda to Expand Overseas
FollowWall Street Journal:Chinese property conglomerate Dalian Wanda Group plans to expand its luxury real-estate and hotel business overseas, as it builds the world's first Chinese luxury hotel outside of China's mainland.
Smithfield Chief Stands to Get Big Haul on Deal
FollowWall Street Journal:Smithfield Foods's CEO could receive more than $46 million in merger-related payments after helping to orchestrate his company's sale to China's Shuanghui for $4.7 billion.
Traders Try to Game Oil-Price Benchmark
FollowWall Street Journal:Some oil traders say they try to skew Platts oil-price benchmarks by offering to do small deals at a loss, with the goal of doing bigger ones at...
The Taliban's Negotiation Maneuver
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NY Times:The Taliban's latest move toward peace talks shows they are willing to come to the table but leaves questions as to what they are willing to offer.
Speedy Traders in Talks on Tie-Up
FollowWall Street Journal:Two of the largest independent U.S. high-frequency-trading firms are in early merger discussions, as a downturn in trading opportunities has spurred cutbacks and tie-up talks among rivals
Japan Exports Surge, but Trade Deficit Persists
FollowWall Street Journal:Japanese exports jumped an unexpected 10.1% in May from the year-earlier month as a fall in the yen helped push up the value of goods sold abroad, but a robust flow of imports from China and other Asian nations kept the...
Maker of 'Candy Crush Saga' Plans IPO
FollowWall Street Journal:The publisher of the hit mobile game "Candy Crush Saga" has hired banks to pursue a U.S.
U.K. Wants to Punish Bad Bankers
FollowWall Street Journal:The Parliamentary Commission on Banking Standards called for the creation of criminal sanctions for incompetent bankers, one of the conclusions of a broad review of the culture of U.K. banking.
Fears Grow Over Yemenis' Ties to Iran
FollowWall Street Journal:Iran is taking advantage of the confusion surrounding Yemen's transition of government to gain a new foothold in the country.
Sources: Wall Street Journal, ABC News, The Boston Globe, NY Times.
Boeing 787 Makes Unscheduled Landing
FollowWall Street Journal:A Boeing 787 Dreamliner operated by United Airlines of a flight from Denver to Tokyo made an unscheduled landing in Seattle because of an apparent problem with an engine oil filter. There was no fire or immediate threat.
Wal-Mart Plays Catch-Up With Amazon
FollowWall Street Journal:Wal-Mart, in its efforts to catch up to Amazon, is creating a vast new logistics system that includes building warehouses for Web orders but also uses workers in stores to pack and mail items to customers.
U.S. to Propose New Phase In Nuclear-Arms Cuts
FollowWall Street Journal:President Barack Obama will make the case for a new phase in nuclear-weapons reductions that would...
Stocks Keep on Trucking
FollowWall Street Journal:Stocks pushed to the highest levels in nearly three weeks as investors await news on whether the Federal Reserve will pull back on its stimulus...
Amazon Vexed by Strikes in Germany
FollowWall Street Journal:An escalating labor dispute between Amazon.com and its German workforce threatens to undermine the online retailer's reputation and business...
Immigration Bill Seen Cutting Deficit
FollowWall Street Journal:A sweeping effort to rewrite the nation's immigration laws would shrink federal deficits during the next two decades, the Congressional Budget...
G-8 leaders vow to crack down on tax evasion
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LA Times:The Group of 8 nations agree on a 10-point plan to swap financial information and expose companies that use elaborate schemes to hide profits.
NYU Case Spotlights Risk of China Tie-Ups
FollowWall Street Journal:NYU Shanghai, the boldest foray yet for a U.S. university into China, is emerging as an illustration of the political risks of Chinese-Western...
Sources: Wall Street Journal, The Boston Globe, ABC News, MSNBC...
China Home Prices Jumped in May
FollowWall Street Journal:Housing prices in China's 70 major cities last month registered their highest annual growth rate in more than two years, at 5.
South Korea, Australia quality for 2014 World Cup
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CNN:Iran, South Korea and Australia all booked a place in next year's FIFA World Cup following a dramatic final round of...
The world's best airline is...
FollowCNN:Emirates has been voted the world's best airline by passengers at the annual Skytrax World Airline Awards.
Shipping Lines Form Pact
FollowWall Street Journal:Maersk, CMA CGM and Mediterranean Shipping plan to create an alliance to operate three routes in an effort to tackle one of the worst down-cycles in the industry.
Sources: Wall Street Journal, The Boston Globe, ABC News, Fox News.
Haze Shrouds Singapore, Malaysia
FollowWall Street Journal:Smoke from forest fires in Indonesia has choked neighboring Singapore and Malaysia, prompting Singaporean officials to press Jakarta for urgent...
Sources: Wall Street Journal, Huffingon Post, The Boston Globe...
NSA: 50 Terrorist Plots Were Foiled Thanks To Surveillance Program
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Huffingon Post:BY KIMBERLY DOZIER, THE ASSOCIATED PRESS The director of the National Security Agency insisted on Tuesday...
Sources: Huffingon Post, Wall Street Journal, The Boston Globe...
Bomb at Pakistan funeral kills at least 27
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Washington Post:PESHAWAR, Pakistan — More than two dozen people were killed Tuesday when at least one suicide bomber detonated explosives at a funeral packed with prominent local officials in northwestern Pakistan, the latest in a...
Sources: Washington Post, The Boston Globe, ABC News, Fox News, CNN...
Taliban Step Toward Afghan Peace Talks Is Hailed by U.S.
FollowNY Times:The Taliban announced the opening of a political office in Doha, Qatar, on Tuesday and said they were prepared...
Sources: NY Times, Wall Street Journal, CBS News, CNN, Fox News...
Amazing infrastructure projects
FollowCNN:With all the chatter of fiscal restraint these days, it would be easy to assume the world's money-men were tightening the purse strings and shelving ambitious...
India Ink: Twilight of India’s Telegram Operators
FollowNY Times:As the 163-year old telegraph service faces closure, operators recall a time when a peasant and a prime minister...
G-8 Syria Talks Avert Fissure, Not War
FollowWall Street Journal:After holding bruising sessions on Syria, international leaders closed a two-day summit here mostly at odds over the long civil war but...
Floods Kill Scores in Northern India
FollowWall Street Journal:Floods and landslides triggered by heavy monsoon rains have killed at least 67 people, with thousands missing or stranded, in north India since...
Sources: Wall Street Journal, The Boston Globe, Fox News, NY Times...
PBOC Offers No Relief to China Banks
FollowWall Street Journal:China's money-market rates remained stubbornly high Tuesday, and the central bank refrained from adding cash to the financial system, suggesting a standoff between the People's Bank of China and lenders is set to...
Boeing Wins Orders for Stretched 787
FollowWall Street Journal:Boeing signed up five customers for a new stretched version of its Dreamliner, a milestone in a marketing push it hopes will reignite sales of...
Vodafone India Cuts Data Charges
FollowWall Street Journal:Charges for surfing the Internet on a Vodafone mobile phone in India were cut by 80%, the company said.
Obama May Be Ready to Let Bernanke Go
FollowWall Street Journal:President Barack Obama subtly suggested he's ready to let Federal Reserve Chairman Ben Bernanke step down from the central bank when Mr.
Ex-Trader Is Charged in Libor Probe
FollowWall Street Journal:British prosecutors have filed criminal fraud charges against former UBS and Citigroup trader Tom Hayes for allegedly trying to manipulate benchmark interest rates.
Swiss Resist U.S. Banks Deal
FollowWall Street Journal:Swiss lawmakers dealt a serious blow to a plan that could enable the country's banks to avoid the threat of prosecution in the U.S. by collectively coming clean about their dealings with suspected American tax evaders.
China Miner Looks to Canada
FollowWall Street Journal:China Minmetals said it is considering making a bid for Rio Tinto's $4 billion Canadian iron-ore operations, a sign that Beijing hasn't lost its appetite for such assets despite an economic slowdown.
Bollywood star in baby sex selection controversy
FollowCNN:A Bollywood star is facing a storm of controversy over the sex of his unborn child.
Japan Government Bond Auction Signals Stability
FollowWall Street Journal:Japanese government bond prices gained after a solid 20-year-bond auction indicated returning stability in the market after weeks of turbulence in the wake of the BOJ's massive bond-buying program launch in April.
Chinese netizens decry tourist treatment of dying dolphin
FollowCNN:A dolphin who died in the southern Chinese city of Sanya Monday has sparked nationwide anger after pictures surfaced...
Commerzbank Nears Job-Cuts Deal
FollowWall Street Journal:Germany's Commerzbank has agreed in principle with the bank's labor representatives on cutting more than 5,000 full-time jobs group-wide, according to a person familiar with the matter.
Blast Apparently Aimed at an Afghan Politician Kills 3 in Kabul
FollowNY Times:An explosion heard across Kabul on Tuesday morning appeared aimed at killing a prominent ethnic Hazara politician as he was traveling in his armored convoy.
Sources: NY Times, Huffingon Post, The Boston Globe, ABC News...
Cambodia Trains Social Workers to Curb Reliance on Foreign Aid
FollowNY Times:A second university program has begun as the country tries to move away from charity.
China's Top Milk Producer Bulks Up
FollowWall Street Journal:China Mengniu Dairy is buying a majority stake in smaller rival Yashili in an effort to bulk up its stake in China's scandal-tainted dairy sector.
CNPC, Partners Sign Tajikistan Oil and Gas Deal
FollowWall Street Journal:China's CNPC, France's Total and Anglo-Canadian Tethys sign an agreement to develop oil and gas assets in Tajikistan, as Chinese companies continue to pursue energy abroad.
RBA Held Rates to Boost Nonmining Economy
FollowWall Street Journal:The Reserve Bank of Australia left interest rates at a record low this month to spur weaker sectors of the economy such as retail and housing construction to head off a possible sharp rise in unemployment.
China Minmetals Considers Rio Tinto Canada Iron-Ore Assets
FollowWall Street Journal:State-owned Chinese metals giant China Minmetals is considering a bid for Rio Tinto's Canadian iron-ore operations, Minmetals Assistant President Wang Jionghui said.
China's Foreign Direct Investment Rose in May
FollowWall Street Journal:China attracted $9.3 billion of foreign direct investment in May, up 0.29% from a year earlier.
How Clearwire Became a Darling
FollowWall Street Journal:Clearwire, long the U.S. wireless industry's most embattled carrier, has emerged In recent months as its crown jewel.
Freida Pinto letter to girls
FollowCNN:Actress Freida Pinto writes an open letter to girls of the world as part of CNN's "Girl Rising."
Murdoch files for divorce from Chinese wife
FollowCNN:Rupert Murdoch has filed for divorce from Wendi Deng, his Chinese-born wife the last 14 years.
Tahiti make history despite defeat to Nigeria in Confed Cup
FollowCNN:Tahiti were handed a harsh introduction to the Confederations Cup as African champions Nigeria inflicted a 6-1 defeat...
Top Senator on Panel Blocks Aid to Afghans
FollowNY Times:President Hamid Karzai of Afghanistan may still be getting his monthly cash deliveries from the C.I.A. This total amounts to $75 million in American aid.
After Gunfire, Politicians in Afghanistan Trade Accusations
FollowNY Times:A warlord turned politician and a provincial governor gave differing accounts of a meeting that turned violent...
Loeb's Third Point Raises Sony Stake
FollowWall Street Journal:Investor Daniel Loeb's hedge fund Third Point has boosted its stake in Sony to 6.9%, ratcheting up a campaign to convince the Japanese electronics giant to launch an initial public offering of its entertainment division.
True or Faked, Dirt on Chinese Fuels Blackmail
FollowNY Times:A growing number of Chinese officials have found themselves ensnared by extortion plots that leverage the public...
Edward Snowden vows more disclosures about U.S. surveillance
FollowLA Times:Former National Security Agency contractor Edward Snowden rejects speculation that he spilled intelligence...
KPMG Ex-Partner Is Arraigned
FollowWall Street Journal:Former KPMG LLP senior partner Scott London was arraigned here Monday in federal court, where a "not guilty plea" was entered on his behalf, although he is expected to plead guilty once certain procedural matters are...
Liberty Global in Talks to Buy German Cable Firm
FollowWall Street Journal:John Malone's Liberty Global is in talks to Germany's biggest cable operator, Kabel Deutschland, a move that could set off a bidding war with Vodafone. Liberty Global has been expanding aggressively in Europe.
Thai Rice Aid Criticized
FollowWall Street Journal:Thailand's government took a step toward revealing the full cost of its contentious rice-price support program, saying it had lost $4.
Touting Islam to Draw Votes in Indonesia
FollowNY Times:The mountain town of Bogor is on the front line of a national debate about religious freedom, amid an increase in discrimination and violent attacks against...
At War Blog: How Cyberwarfare and Drones Have Revolutionized Warfare
FollowNY Times:Tim Hsia and Jared Sperli write that the next few decades will be dominated by advancements in software and hardware (cyber and robotics, including drones) just as the last decade was dominated by counterinsurgency.
Smithfield to Review Starboard Letter
FollowWall Street Journal:Smithfield Foods said it will review a letter from major investor Starboard Value pressuring the pork producer to explore a breakup instead of following through with its planned takeover by Chinese meat producer...
Mexico Seeks Open Energy Market
FollowWall Street Journal:President Enrique Peña Nieto will seek in the coming months to end a taboo of nearly eight decades by opening the state-run oil and gas industry to private investment and competition, a move the government hopes will...
Sale of NYSE Clears a Final Hurdle
FollowWall Street Journal:The European Union is likely to approve IntercontinentalExchange's planned takeover of NYSE Euronext without conditions, according to a person familiar with the discussions
Tricky Ways to Pull Down a Skyscraper
FollowNY Times:Engineers in Japan are perfecting more efficient, and stealthier, demolition methods.
Samsung: Faster Galaxy S4 is on the way
FollowCNN:Samsung's flagship smartphone could be getting twice as fast.
Jakarta Set for Big Fuel-Price Rise
FollowWall Street Journal:Indonesian lawmakers set the stage for the government to raise the price of subsidized fuel substantially for the first time in years, a move...
H.I.V. Tests Urged for 800 Million in India
FollowNY Times:A statistical study suggests that testing all sexually active adults and treating those infected would save lives and be cost-effective.
China Wrestles With Banks' Pleas for Cash
FollowWall Street Journal:China's big banks are urging the central bank to free up funds to ease an unusual cash squeeze, as Beijing faces a stark choice: add money to the...
Activist at Center of Conflicting Accounts
FollowWall Street Journal:Chen Guangcheng is at the center of a struggle between conflicting interests, people close to him said after the blind dissident linked his...
Sources: Wall Street Journal, Huffingon Post, CNN, The Boston Globe...
Indonesia's parliament boosts fuel prices by 44%
FollowCNN:After clashes between police and protesters, Indonesia's parliament Monday night voted to revise the national budget...
Tokyo Shares Get Second Look
FollowWall Street Journal:Some investors said the whipsaw trading in Japanese stocks over the past three weeks spells opportunity.
Turkey's Markets Weather the Turmoil
FollowWall Street Journal:Anti-government protests have weakened Turkey's stocks, bonds and currency. Despite the tumult, the country's markets have held up relative to its emerging-market peers, analysts and investors say.
Libor Charges Likely in U.K.
FollowWall Street Journal:British prosecutors plan to file criminal fraud charges against former UBS and Citigroup trader Tom Hayes for allegedly trying to manipulate benchmark interest rates.
The 10 worst film and TV bosses
FollowCNN:Every so often I'll see a movie or a TV show where a boss is over-the-top bad, and it's supposed to be hilarious or terrifying.
Airbus A380 Gets a Lift
FollowWall Street Journal:Airbus got a boost for its A380 superjumbo, as German leasing company Doric GmbH placed a preliminary order for 20 of the two-deck jets. Doric would be the first new buyer of new A380s in a year.
Another Canada Mayor Embroiled In Scandal
FollowHuffingon Post:MONTREAL -- Quebec's anti-corruption unit on Monday arrested Montreal's interim mayor, a man who vowed to clean up the corruption scandals plaguing...
Sources: Huffingon Post, CNN, NY Times, ABC News, The Boston Globe...
New Iranian Leader Offers Opening to U.S.
FollowWall Street Journal:Iran's president-elect said Tehran would take concrete steps to resolve its nuclear standoff with the West—promises that will require a shift by...
Sources: Wall Street Journal, Fox News, Huffingon Post, MSNBC...
EU, U.S. Advance Free-Trade Deal
FollowWall Street Journal:The U.S. and the European Union announced they will start talks to build an ambitious trans-Atlantic free-trade agreement.
India Ink: A Conversation With: Journalist Naveen Soorinje
FollowNY Times:A reporter speaks about his time in an Indian prison.
Deal for AIG Unit Is Delayed
FollowWall Street Journal:A Chinese consortium agreed to extend the window to buy a majority stake in International Lease Finance Corp., potentially freeing up AIG to sell the unit in a public offering.
Suntory Shows Caution on IPO Price
FollowWall Street Journal:On the heels of recent turbulence in Japan's equity markets, Suntory Beverage & Food struck a cautious tone for the country's biggest initial public offering this year by setting a tentative price range at or below its...
Hersing Puts Real Estate Franchise Rights on Sale
FollowWall Street Journal:Singapore's Hersing is putting Asian-Pacific franchise rights for ERA Real Estate on the block for up to $160 million, sources say. This could be a good time to sell the network of property brokerages, according to...
India Ink: As Rape Reports Increase in Delhi, a Call for Uncommon Men and Women
FollowNY Times:The tide of rising crimes against women in India can eventually be stemmed by...
Stocks Get Back on Track
FollowWall Street Journal:Better-than-expected reports on the housing market and New York-area manufacturing helped provide a boost.
Early Monsoon Good News for Farms
FollowWall Street Journal:This year's southwest monsoon has covered all of India about a month ahead of normal, helping improve prospects for bountiful harvests, slower...
Strife Deals Blow to Turkey's Markets
FollowWall Street Journal:Two consecutive days of violence between protesters and police took their toll on Turkey's markets amid concerns that Prime Minister Recep Tayyip...
Sources: Wall Street Journal, The Boston Globe, USA Today, CBS News.
India Cuts Roaming Tariffs
FollowWall Street Journal:India's telecom regulator cut roaming tariffs, but shied away from allowing free national roaming services in a move that gives a breather to a bleeding telecom industry in the world's second largest telecom market.
Australia Poll Shows Edge for Rudd
FollowWall Street Journal:Australian Prime Minister Julia Gillard's fragile leadership came under renewed pressure after an opinion poll showed rival and predecessor Kevin...
Gambling mecca's dark side
FollowCNN:Triad attacks. Prostitute calling cards. Illicit money flows.
Chen Guangcheng: NYU is forcing me out
FollowCNN:Chen Guangcheng, the blind Chinese activist who fled China last year, says he is being forced to leave New York University over fears his presence there is...
Sources: CNN, The Boston Globe, ABC News, MSNBC, Wall Street Journal...
Crude Oil Ends Near Flat
FollowWall Street Journal:U.S. crude-oil futures settled slightly lower, holding close to four-month highs, as traders gauge whether the involvement of world powers in the Syrian conflict will disrupt oil supplies.
ABB Names New CEO
FollowWall Street Journal:Ulrich Spiesshofer will become ABB's chief executive from Sept. 15, ABB said. He has been head of the discrete automation and motion division since 2009.
Bharti Completes Stake Sale to Qatar Foundation Endowment
FollowWall Street Journal:Bharti, India's largest telecommunications company by number of users, said it has completed a 5% stake sale worth about $1.18 billion.
Li Ka-shing Consortium Buys Dutch Company
FollowWall Street Journal:A consortium of Li Ka-shing's companies bought a Dutch waste-management company, as the Hong Kong billionaire continues picking up infrastructure assets in developed markets.