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Frontrunning: April 6
- Political Battle Ramps Up Over Iran Nuclear Deal (WSJ)
- Greece moves to quell default fears, pledges to meet 'all obligations' (Reuters)
- Isolated Greece pivots east to Russia, China and Iran. But will it work? (Telegraph)
- Frustrated officials want Greek premier to ditch Syriza far left (FT)
- Greek political unrest and deepening debt crisis fuel talk of snap election (Guardian)
- Rand Paul’s Challenge: Charting His Own Course (WSJ)
- In Greenspan Conundrum Redux, Odds Are on Bond Traders’ Side (BBG)
- Yemen's Aden suffers amid clashes, aid deliveries delayed (Reuters)
- Record Gasoline Output to Curb Biggest U.S. Oil Glut in 85 Years (BBG)
- China's new investment bank may signal a move away from U.S. debt (UPI)
- Greek economy staring at recession again (Kathimerini)
- S&P 500 Rallying 206% Beats Wage Growth by Most in Five Decades (BBG)
- Broken Bond Market Complicates Fed’s Plan to Raise Rates (WSJ)
- Teachers warn of 'Victorian' poverty among pupils (BBC)
- Rolling Stone rebuked in independent review of campus rape story (Reuters)
Overnight Media Digest
WSJ
* President Barack Obama's bet on a diplomatic agreement to deter Iran from acquiring a nuclear weapon faces an immediate test at home, where he must overcome the politics of skeptical Republicans as well as some Democrats in Congress. (http://on.wsj.com/1C8U7jD)
* Ellen Pao became a point person at the center of the gender debate after suing Kleiner Perkins for sexual discrimination. Although she lost the trial, she says in an interview that the conversation about women in Silicon Valley must continue. (http://on.wsj.com/1xUFt3V)
* Senator Rand Paul of Kentucky, as he readies a presidential run, has the tricky task of presenting a political profile distinct from his father's without jeopardizing the support of Ron Paul voters. (http://on.wsj.com/1D9QheX)
* Some of the U.S.'s biggest proprietary traders and investors are testing the waters for a bigger move into bitcoin, giving a potential boost to the fledgling virtual-currency industry. (http://on.wsj.com/1a80UDJ)
* A six-month moratorium on merger talks between miners Glencore Plc and Rio Tinto Plc ends Tuesday, and the divergence between prices for copper and iron-ore are giving deal supporters fresh hope. (http://on.wsj.com/1IBQhEy)
* Many subscribers to Dish Network's nascent online video service Sling TV saw error messages Saturday night as they tried to stream the Final Four semifinal games of the men's college basketball tournament. (http://on.wsj.com/1Fex6h7)
* Sharp Corp, the troubled Japanese electronics provider, is moving to spin off part of its panel-making unit and plans to ask a government-supported investment fund for help. (http://on.wsj.com/1DDhoRS)
* Fiat Chrysler could face new legal headaches after years of work by the auto maker to ease concerns about fiery rear-end Jeep crashes ran headlong into a jury awarding big damages. (http://on.wsj.com/1Jdbsxw)
* Tesla Motors Inc said it delivered 10,030 vehicles in the first quarter, indicating the company's quarterly sales growth continues at a slow but steady pace. (http://on.wsj.com/1yKlK23)
* Discovery Communications Inc's David Zaslav received $156.1 million in compensation in 2014, making the chief executive one of the most generously paid in corporate America. (http://on.wsj.com/1c0i4o3)
NYT
* With "A Rape on Campus," Rolling Stone's widely discredited article, traditional safeguards broke down at pretty much every level of the editorial process. The report, published by the Columbia Graduate School of Journalism and commissioned by Rolling Stone, said the magazine failed to engage in "basic, even routine journalistic practice" to verify details of the ordeal that the magazine's source, identified only as Jackie, described to the article's author, Sabrina Rubin Erdely. (http://nyti.ms/1JcpAat)
* Standard General, which will take over 1,700 of the 4,000 RadioShack stores, said that eliminating the retailer's heavy cost structure and some old business practices left a core worth saving. (http://nyti.ms/1yObPbV)
* Greece's finance minister, Yanis Varoufakis, and the International Monetary Fund's chief, Christine Lagarde, met in Washington as the due date neared for a 458 million euro ($503.25 million) payment to the fund. (http://nyti.ms/1F3MlyC)
* Tucked away in a quiet design studio in this fast-growing city, a team of young animators, illustrators and computer programmers is bringing an ancient Chinese village to digital life. The project, part of the next installment of the blockbuster Hollywood film franchise "Kung Fu Panda," represents a shift in China's moviemaking ambitions. (http://nyti.ms/1IBfPld)
* For those who have spent more than a decade fighting for stricter regulation of the Internet, the official publication of the rules in the Federal Register, expected as early as Monday, will give reality to their latest victory. For those opposed, it is likely to touch off a flurry of lawsuits. (http://nyti.ms/1MVIQyl)
* A hotly awaited report that was expected to provide guidance for shareholders and institutional investors as to whom to support in Elaine Wynn's battle to stay on the Wynn Resorts Ltd's board instead suggested all board nominees be rejected and denounced the company's "manifest failures of governance." (http://nyti.ms/1CrJ7gY)
Britain
The Times
Global food giant Kellogg Co has warned that its profits could be slashed by the international drive to clamp down on tax avoidance. The world's largest cereal maker has declared that efforts to close loopholes could lead to a "material" rise in its tax bill. (http://thetim.es/1c034Xn)
Greek finance minister Yanis Varoufakis is to hold emergency talks today with the head of the International Monetary Fund Christine Lagarde in an attempt to secure funds to keep the debt-stricken nation afloat. (http://thetim.es/1c03e0N)
The Guardian
British PM David Cameron and Chancellor George Osborne have both refused to rule out a cut in the top rate of income tax from 45 pence to 40 pence under a new Conservative government after the general election. (http://bit.ly/1c03jBx)
The Bank of England is expected to leave interest rates on hold at 0.5 pct this week, marking the first time in more than half a century that a government has enjoyed unchanged borrowing costs for its entire term. (http://bit.ly/1c03vkj)
The Telegraph
The pensions industry is bracing for the new pension reforms, which come into force on Monday, prompting fears of a deluge of calls to providers about the tax implications, and complaints as criminals begin targeting unwary pensioners. (http://bit.ly/1c03z3A)
The European Central Bank's money-printing programme has only been running for one month, but already investors are expressing concern that it might be wound down too early, causing panic in financial markets. (http://bit.ly/1c03BZh)
Sky News
Sky News has learnt that Bank and Clients has lured Nicole Coll, the chief financial accountant at the Bank of England since June 2013, to become its first chief of finance and operations. (http://bit.ly/1Ih7lD3)
Police have been given more time to question six people arrested in Dover on suspicion of Syria-related terrorism offences. The five men and one woman were detained around 8 a.m. on Friday in the port's departure area. (http://bit.ly/1c03Of4)
The Independent
The last two episodes from the final series of Top Gear featuring Jeremy Clarkson may "never be screened" even though there is enough footage, according to sources. The BBC shelved episodes eight and 12 from the current series after the controversial presenter was suspended and subsequently sacked after a BBC report found that he had carried out an "unprovoked physical attack" on producer Oisin Tymon. (http://ind.pn/1c042mt)
Theresa May is embroiled in an embarrassing controversy over how a convicted criminal obtained a 500,000 pound ($745,650) government-backed loan for a business in her Berkshire constituency that has now gone bust, amid suspicions of financial misconduct. (http://ind.pn/1c043H5)
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