Financial News Digest: Reuters, WSJ, NY Times, FT

Investing

Published: May 29, 2013 6:45 am

Apple Inc’s (NASDAQ: AAPL) CEO Tim Cook says he expects the company to release more innovative devices. (Reuters)

Investors are worried about why the Procter & Gamble Co. (NYSE: PG) board did not handle its CEO succession well. (Reuters)

The investor groups that want to buy Dell Inc. (NASDAQ: DELL) will soon appeal their cases to shareholders. (Reuters)

The International Monetary Fund cuts its forecasts for Chinese growth and warns about growing debt loads. (Reuters)

Sprint Nextel Corp. (NYSE: S) sets a deal with the United States about security as it works on a buyout by Softbank. (WSJ)

Sears Holdings Corp. (NASDAQ: SHLD) tries to connect to consumer electric devices and other tech methods to raise sales, which has not worked. (WSJ)

Large investors in Caesars Entertainment Corp. (NASDAQ: CZR) want the company to restructure its debt. (WSJ)

Wal-Mart Stores Inc. (NYSE: WMT) pleads guilty to dumping hazardous material in California. (WSJ)

S&P/Case-Shiller data show that home prices rose 10.9% in a year, proof that housing may ignite broader economic growth. (NYT)

The European Union will soften is line on austerity and allow France, Spain and The Netherlands to move budget deficits higher than previously allowed. (FT)

Offensive posts on Facebook Inc.’s (NASDAQ: FB) site have driven away some advertisers. (FT)

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