Investing
Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg
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SAC Capital Advisers could lose most of its outside investors by next year. (Reuters)
Bank of America Corp. (NYSE: BAC) will struggle in court to get approval of its $8.5 billion settlement over the sales of mortgage-related securities. (Reuters)
Zynga Inc. (NASDAQ: ZNGA) cuts its staff by a fifth as its struggles with its business model. (Reuters)
Intel Corp. (NASDAQ: INTC) says this year its tablet chip business will begin to take share in the growing part of the industry. (Reuters)
Sprint Nextel Corp. (NYSE: S) attacks efforts for a buyout offer of Clearwire (NASDAQ: CLWR) by Dish Network Corp. (NASDAQ: DISH). (Reuters)
U.S. car sales show that the market may have started to level off. (WSJ)
Mozilla says it will launch a Firefox-powered phone for emerging markets. (WSJ)
PC companies will launch more hybrid desktop-tablet and tablet-phone products to help get back market share from pure tablet models. (WSJ)
The roll-out of 4G networks in Europe is slow. (WSJ)
Large investors begin to buy up much of the inventory in weak housing markets. (NYT)
Social media sites may restrict some portion of user-created content because it could drive advertisers away. (NYT)
Increases in global bond yields hurt results of some of America’s largest institutional investors. (FT)
The United States will begin to regulate more non-bank financial firms like American International Group Inc. (NYSE: AIG). (FT)
Exports begin to pull Spain out of the worst part of its recession. (Bloomberg)
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