|Sprint Enters Into Exclusive Talks With Charter, Comcast on Wireless Deal|
Sprint has entered into exclusive talks with Charter Communications and Comcast as the cable companies explore a deal that could bolster their plans to offer wireless service, according to people familiar with the matter.
|Nestlé Unmoved by Demands From Activist Investor Third Point|
Newly minted Nestlé Chief Executive Mark Schneider is facing the first big challenge of his short career in packaged foods.
|Rio Tinto Rebuffs Glencore Again in Bidding for Australian Coal Assets|
Glencore suffered another setback in the bidding for Australian coal mines, after the commodity giant’s rival Rio Tinto said it would rather take a sweetened offer from a Chinese-owned company.
|With 54 Million to Go, This Airbag Recall Is Never Going To End|
Japan’s Takata has filed for bankruptcy protection and agreed to sell most of its business. But it could go on for years supplying parts for the tens of millions of its potentially deadly air bags that still need to be replaced.
|General Motors Lowers Outlook for Industry Vehicle Sales|
General Motors Co. expects industry vehicle sales to fall short of its original forecast for the year, the latest sign of a slowdown in the U.S. auto market after a record run.
|The $1.5 Trillion Business Tax Change Flying Under the Radar|
House Republicans are proposing eliminating the deduction that companies get for interest they pay on debt, a move that would alter modern finance. Yet the plan has gotten relatively little public attention or lobbying pressure.
|U.S. Durable Goods Orders Fall 1.1%|
Demand for long-lasting factory goods declined in May for the second straight month, a possible sign of softness in the U.S. manufacturing sector.
|Ahead of Fed Stress Test Results, Banks Have Less to Fear|
The Federal Reserve on Wednesday will release the final results of this year’s bank stress tests. Officials made the tests easier for some banks this year, and for the next time around they are preparing to further change the exams in fundamental ways.
|Draghi Says ECB Policy Has Helped Reduce Inequality|
European Central Bank President Mario Draghi defended the impact of the bank’s stimulus policies on Europe’s youth, arguing that keeping interest rates low had helped create jobs and reduce inequality.
|Bank for International Settlements Takes Aim at Protectionism|
The BIS, a consortium of central banks, warned that rising protectionist sentiment and a retreat from global cooperation on economic matters would threaten the world economy.