Softbank probably will pursue its bid for Sprint Nextel Corp. (NYSE: S), even though DISH Network Corp. (NASDAQ: DISH) has made a bid of its own. (Reuters)

The European Union may ask Google Inc.’s (NASDAQ: GOOG) competitors about a proposed settlement of antitrust charges. (Reuters)

MetroPCS Communications Inc. (NYSE: PCS) asks its shareholders to vote for a new offer from T-Mobile. (Reuters)

Gold drops to a two-year low after the biggest sell-off since the 1980s, based on a percentage drop. (WSJ)

Huawei plans to increase its presence in the smartphone marketplace. (WSJ)

J.C. Penney Co. Inc. (NYSE: JCP) takes $850 million from its credit line to allow its new CEO time to turn around the company. (WSJ)

Ford Motor Co. (NYSE: F) sharply increases its investment in China. (WSJ)

Alibaba will offer its own smartphone operating system, which may compete with Google’s. (WSJ)

American bank officials want more details about how large banks would dismantle themselves if events make them no longer viable. (WSJ)

Large pharmaceutical companies use drug safety laws to slow the introduction of some generics. (NYT)

The rift among EU nations over the value of austerity grows. (NYT)

AMR submits its final plan to end Chapter 11. (NYT)

Huge firm Energy Future Holdings enters Chapter 11 in an attempt to cut billions in debt. (NYT)

The South Korean government takes steps to reignite its economy. (FT)

China’s new, slower growth pattern may be permanent. (FT)

Volkswagen, BMW and other EU car companies will spend as much as $25 billion by 2017 to set manufacturing facilities outside the troubled region. (Bloomberg)

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