- Clinton aides sometimes blocked release of documents requested under public-records law (WSJ [18])
- House Benghazi panel subpoenas former Clinton White House aide (Reuters [19])
- Cash Crunch, for Many, Is a Monthly Woe (WSJ [20])
- Doubts over Greece add to euro's ECB-driven frailty (Reuters [21])
- For Many American States, It's Like the Recession Never Ended (BBG [22])
- Japan debt plan needs BOJ to keep rates low for years (Reuters [23])
- Euro Continues to Fall; European Bonds, Stocks Broadly Steady (WSJ [24])
- Los Angeles gives preliminary approval to $15 minimum wage (Reuters [25])
- Theft of Debit-Card Data From ATMs Soars (WSJ [26])
- New Luxury Rental Projects Add to Rent Squeeze (WSJ [27])
- North Korea modified submarine missile launch photos, says U.S. official (Reuters [28])
- UBS to pay $545 million over forex scandal, rivals await fate (Reuters [29])
- The $10 Hedge Fund Supercomputer That’s Sweeping Wall Street (BBG [30])
- Lowe’s Net Trails Estimates as Home Depot Wins Spring Battle (BBG [31])
Overnight Media Digest
WSJ
* When Hillary Clinton was secretary of state, her staff scrutinized politically sensitive documents requested under public-records law and sometimes blocked their release, according to people with direct knowledge of the activities. (http://on.wsj.com/1EWyg09 [32])
* United Technologies Corp is talking to potential buyers for its Sikorsky Aircraft business, people familiar with the matter said, raising the prospect that a spinoff of the maker of Black Hawk helicopters could turn into a sale. (http://on.wsj.com/1AkEtr8 [33])
* Criminals are stealing card data from U.S. automated teller machines at the highest rate in two decades, preying on ATMs while merchants crack down on fraud at the checkout counter. (http://on.wsj.com/1R1X8w5 [34])
* European telecom company Altice SA is in advanced talks to acquire U.S. cable company Suddenlink Communications Inc. Separately, Altice is also eyeing Time Warner Cable Inc. (http://on.wsj.com/1cNPsym [35])
* In the largest automotive recall in U.S. history, car makers will fix faulty air bags in nearly 34 million vehicles after Japanese parts supplier Takata Corp bowed to pressure from regulators on Tuesday. (http://on.wsj.com/1BaTFlO [36])
* Airbnb Inc is signaling an expansion into the professional vacation-rental business as tighter local government controls from Santa Monica, California, to New York threaten the home-sharing site's growth in urban areas. (http://on.wsj.com/1R0VieU [37])
FT
French telecommunications group Altice SA is in talks to buy U.S.-based cable operator Suddenlink Communications for more than $6.6 billion, people familiar with the matter said.
Confederation of British Industries' outgoing chairman, Sir Mike Rake, has said that British businesses must speak up for a reformed European Union, as a referendum on whether UK remains a part of the 28-nation bloc gathers steam.
Some of the UK's wealthy non-domiciles are being advised to transfer their wealth offshore in case tax rules, which offer privileges to those who declare their permanent home elsewhere, are tightened.
HSBC Holdings plc has written to other banks, warning that it will charge them for deposits in euros, Swiss francs, Danish krone and Swedish krona - all currencies with negative interest rates - at its UK, Germany and Hong Kong operations from this year.
NYT
* French telecommunications group Altice SA is in discussions to buy Suddenlink Communications, a privately held American cable operator. (http://nyti.ms/1JZ6pko [38])
* Technology consulting services provider Computer Sciences Corp said on Tuesday that it planned to divide its commercial business from its government contractor unit; each will become a publicly traded company. The split is expected to be completed by the end of October. (http://nyti.ms/1Jy5j0V [39])
* Chinese officials announced a sweeping list of investment plans and loans in Brazil on Tuesday totaling dozens of billions of dollars, including in a contentious project for a railway to the Pacific that would cut through the Amazon rain forest. (http://nyti.ms/1Fubxgx [40])
* Takata Corp admitted that its airbags were defective and agreed to double the number of vehicles recalled in the United States to nearly 34 million - or about one in seven of the more than 250 million vehicles on American roads - making it the largest automotive recall in American history. (http://nyti.ms/1AehQVs [41])
* The Obama administration on Tuesday announced the arrest of a Chinese professor and the indictment of five other Chinese citizens in what it contended was a decade-long scheme to steal microelectronics designs from American companies on behalf of the Chinese government. (http://nyti.ms/1eerqhc [42])
Canada
China
CHINA SECURITIES JOURNAL
- New trading accounts opened for Shanghai and Shenzhen A-share stock markets hit 2,381,808 last week, down 2.76 percent from a week earlier, but the number of actively-traded accounts rose 4.49 percent, data from China Securities Depository and Clearing Corporation Limited showed.
- China will actively promote the development of e-commerce along the New Silk Road, the National Development and Reform Commission said in a guideline on its website.
21ST CENTURY BUSINESS HERALD
- Chinese online major Tencent Holdings Ltd has signed a deal with the Chongqing municipal government that will enable greater online activity by firms in the city, the paper reported citing the municipal government.
Britain
The Times
CBI BOSS MIKE RAKE ISSUES PRO-EUROPE RALLYING CRY
The shouting match between Britain's pro-European Union and eurosceptic business leaders is getting louder, with the president of the CBI, Mike Rake, claiming that the United Kingdom would face isolation if it quit the European Union. (http://thetim.es/1GnKXXb [43])
VODAFONE WOULD BE GREAT FIT, SAYS LIBERTY GLOBAL OWNER JOHN MALONE
John Malone, the billionaire owner of Liberty Global Plc , has dropped the heaviest hint yet that a tie-up with Vodafone Group Plc is on the cards after describing a combination of the two companies' assets in countries such as Germany and Britain as a "great fit." (http://thetim.es/1GnMvkb [44])
The Guardian
HEWLETT-PACKARD SUED BY MICROTECH OVER AUTONOMY SOFTWARE DEAL
Hewlett-Packard Co is being sued by MicroTech, a small software reseller it named in a $5 billion fraud claim against the founders of the British software group Autonomy. (http://bit.ly/1GnND7f [45])
UK INFLATION TURNS NEGATIVE
Inflation in Britain has turned negative for the first time in more than half a century, giving a boost to household finances and bolstering expectations that interest rates will remain at a record low for the rest of this year. (http://bit.ly/1GnOAMY [46])
The Telegraph
BT CHALLENGES OFCOM OVER BROADBAND PRICES
BT Group Plc has lodged an appeal with the Competition Appeals Tribunal against Ofcom's new "margin squeeze" test, which is designed to ensure that rivals Sky and TalkTalk, who rely on the BT network to serve their customers, are able to make reasonable profits on superfast broadband. (http://bit.ly/1GnMa0O [47])
EUROPE FACES SECOND REVOLT AS PORTUGAL'S ASCENDANT SOCIALISTS SPURN AUSTERITY
Europe faces the risk of a second revolt by Left-wing forces in the South after Portugal's Socialist Party vowed to defy austerity demands from the country's creditors and block any further sackings of public officials. (http://bit.ly/1GnNTDk [48])
Sky News
HSBC HITS FRESH HURDLE OVER RING-FENCE PLAN
HSBC Holdings Plc's plans to segregate its UK retail banking operations have hit a fresh obstacle after regulators indicated that a prospective candidate for the division's chairmanship would be ineligible for the role. (http://bit.ly/1L77wPi [49])
SERCO CLOSES IN ON INDIAN UNIT SALE TO CVC
Serco Group Plc has entered exclusive discussions to sell Intelenet, an Indian business process outsourcing operation to SPI Global, a Philippines-based peer which is owned by the buyout firm CVC Capital Partners.
The Independent
REPORT FINDS THAT BRITAIN'S WAGES ARE THE MOST UNEQUAL IN EUROPE
The Dublin foundation for the Improvement of Living and Working Conditions, the EU's agency for life at work, found that the United Kingdom had the worst Gini coefficient of any EU member state. (http://ind.pn/1GnOrcd [50])