Eurozone ministers reject a settlement between private bondholders and Greece. (Reuters)
Macy’s (NYSE: M) sues Martha Stewart Omnimedia (NYSE: MSO) over a deal the media company did with JCPenney (NYSE: JCP) that may have broken an exclusivity agreement. (Reuters)
India’s central bank shifts it emphasis from inflation to growth. (Reuters)
Texas Instruments (NYSE: TXN) reports its chip demand has risen, but it will shutter two factories. (Reuters)
International Monetary Fund leader Largarde warns that the eurozone must promote growth in addition to austerity. (WSJ)
The European Union agrees to begin to embargo Iran oil. (WSJ)
The Organisation for Economic Co-operation and Development says in its “Going for Growth” report that nations should cut tax benefits for mortgages. (WSJ)
Dice Holdings (NYSE: DHX) reports that Silicon Valley engineer pay moved beyond an average of $100,000. (WSJ)
AT&T (NYSE: T) sets plans to give T-Mobile $1 billion in spectrum as part of a deal breakup pact. (WSJ)
A second bailout of Portugal is likely. (WSJ)
AMR, parent of American Airlines, tells employees that vested benefits will not be undermined if pension programs are ended. (WSJ)
Falling demand for coal will undermine industry profits. (WSJ)
Lee Enterprises will leave Chapter 11 with much of its long-term debt deferred. (WSJ)
Federal and state authorities are close to a deal with banks over mortgage violations that could total $25 billion. (WSJ)
The Energy Information Administration expects oil prices to reach an average of $146 by 2035. (WSJ)
A mortgage deal between banks and the government could cut one million mortgages by about $20,000 each. (NYT)
Eurozone finance ministers are closer to an arrangement to create a permanent bailout fund. (NYT)
Germany may back a permanent bailout fund for the eurozone in exchange from more stringent budget rules. (FT)
NYSE Euronext (NYSE: NYX) and Deutsche Boerse may be unable to block an European Commission veto of their merger. (Bloomberg)
S&P cuts Societe Generale’s ratings. (Bloomberg)
Douglas A. McIntyre
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