Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg

Investing

Published: June 5, 2013 6:42 am

Last Updated: March 13, 2020 5:01 pm

The HSBC/Markit Purchasing Managers’ Index for China comes in at 52.1 last month, another sign of economic trouble. (Reuters)

Toyota Motor Corp. (NYSE: TM) recalls 242,000 hybrids because of brake problems. (Reuters)

Samsung Electronics wins a key patent ruling against Apple Inc. (NASDAQ: AAPL) in an ITC case. (Reuters)

Amazon.com Inc. (NASDAQ: AMZN) will offer groceries online. (Reuters)

The Fed’s Richard Fisher says the agency might reevaluate its bond-buying program. (Reuters)

HTC makes management changes as the cellphone firm flounders. (Reuters)

The European Central Bank may not employ policy to add stimulus to the recession-plagued region. (WSJ)

Chrysler rejects a federal recall of 2.7 million Jeeps. (WSJ)

Verizon Wireless will pay $1 billion to give its wireless subscribers more access to NFL games. (WSJ)

German car sales drop 10% last month. (WSJ)

FHA’s projected losses could reach $115 billion over 30 years, if some stress test data is accurate. (WSJ)

Zynga Inc. (NASDAQ: ZNGA) will sell virtual goods on Facebook. (WSJ)

Jefferson County will emerge from Chapter 11 due to negotiations of bond payments. (WSJ)

Pilots who work for JAL and ANA are skeptical of new repairs to the Boeing (NYSE: BA) 787 Dreamliner. (NYT)

Amazon.com expects to bring in $800 million in ad revenue as its sets programs to take business from Facebook Inc. (NASDAQ: FB) and Google Inc. (NASDAQ: GOOG). (FT)

HSBC Holdings PLC (NYSE: HBC) may have ignored foreclosure laws. (FT)

Proxy firm Glass Lewis suggests investors reserve judgment about Softbank’s buyout of Sprint Nextel Corp. (NYSE: S). (Bloomberg)

The European Union sets tariffs for China’s solar product dumping. (Bloomberg)

Cash Back Credit Cards Have Never Been This Good

Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.