BP PLC (NYSE: BP) sets a deal to sell its half of BP-TNK to Rosneft. (Reuters)

European Union leaders will take at least two months to set terms for new rules for the organization and bailout terms. (Reuters)

Dish Network Corp. (NASDAQ: DISH) settles its dispute with Cablevision Systems Corp. (NYSE: CVC) and AMC Networks Inc. (NASDAQ: AMCX). (Reuters)

A British private equity firm will take over Ancestry.com Inc. (NASDAQ: ACOM). (WSJ)

Microsoft Corp. (NASDAQ: MSFT) tries to control how retailers display Windows 8. (WSJ)

Nokia Corp. (NYSE: NOK) prices its Lumina below most competing smartphones. (WSJ)

Japan’s exports drop, largely because of trade disputes with China. (WSJ)

More companies start to use data from their work on social networks like Twitter and Facebook to help target ads. (WSJ)

Facebook Inc.’s (NASDAQ: FB) move into e-commerce could substantially improve profits. (WSJ)

Walt Disney Co. (NYSE: DIS) will relaunch Disney.com to restart its web strategy. (NYT)

Weak U.S. earnings begin to pull down the market. (FT)

Germany will warn the United Kingdom not to use its veto power at an upcoming summit about Europe’s future. (FT)

Apple Inc. (NASDAQ: AAPL) will try to use sales to schools to boost iPad share. (Bloomberg)

Royal Philip Electronics beats earnings estimates as its new CEO appears to have set a winning strategy. (Bloomberg)

Douglas A. McIntyre

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