- BOJ Officials Are Said to Eye Possible Negative Rate on Loans (BBG)
- Daimler Probe Hits Industry Credibility After Mitsubishi Charge (BBG)
- VW hikes emissions provisions to 16-17 billion euros: source (Reuters)
- Valeant Finalizing Contract With Perrigo’s Joseph Papa as Next CEO (WSJ)
- U.S. split deepens over Putin's intentions in Syria civil war (Reuters)
- As Global Stocks Rally, China's Markets Send More Ominous Signal (BBG)
- Russian forces in Syria fired on Israeli aircraft (Reuters)
- U.S. to Buy Material Used in Iran Nuclear Program (WSJ)
- GE profit tops estimates but organic revenue falls 1 percent (Reuters)
- As Oil Jobs Dry Up, Workers Turn to Solar Sector (WSJ)
- Microsoft revenue, profit miss estimates (Reuters)
- Alphabet Profit and Sales Hit Speed Bump on Mobile Costs (BBG)
- China could build nuclear plants for South China Sea, paper says (Reuters)
- Obama to Become First President to Visit Hiroshima, Nikkei Says (BBG)
- Next-Generation Chips Hit a Snag (BBG)
- FBI paid more than $1.3 million to break into San Bernardino iPhone (Reuters)
- Uber Drivers Settle With Ride-Hailing Company in Labor Dispute (WSJ)
- Apollo, TPG Turn to Oil Crash to Salvage $31 Billion Caesars Bet (BBG)
- Sony Delays Annual Forecasts to Assess Earthquake Fallout (BBG)
- Singapore Charges Ex-Banker Following 1MDB Probe (BBG)
Overnight Media Digest
WSJ
- Uber has agreed to pay up to $100 million to settle a class-action lawsuit which resolves a major challenge to its business model by allowing the ride-hailing service to keep its California and Massachusetts drivers as independent contractors. (http://on.wsj.com/1QreW0r)
- Valeant Pharmaceuticals International Inc is finalizing a contract to name Perrigo Co Chief Executive Joseph Papa as its next CEO, according to people familiar with the matter. (http://on.wsj.com/1QreS0N)
- Volkswagen AG has reached the broad outlines of a deal with U.S. authorities over its diesel-emissions scandal, agreeing to buy back or repair cars and provide compensation. (http://on.wsj.com/1QreVJV)
- SecureWorks Corp, the cyber security arm of Dell Inc, priced its IPO at $14 a share, raising $112 million through the sale of 8 million shares, according to people familiar with the matter. (http://on.wsj.com/1Qrfd3r)
FT
- The UK government wishes to raise fees for immigration and asylum tribunals, seeking to raise 37 million pounds ($52.98 million) a year. Justice Minister Dominic Raab announced consultation on raising fees for those bringing a case to a first-tier tribunal from 80 pounds to 490 pounds. (http://bit.ly/1U7P3cX)
- Astrazeneca Plc announced a collaboration with several partners to focus its drug research and development more closely, including Human Longevity. (http://bit.ly/1XLy4My)
- Barack Obama arrived in Britain, warning that the UK would be put at danger of economic shocks, terrorism and the migration crisis if it decides to leave the EU. (http://bit.ly/1XLyh2v)
- Daimler has opened an investigation into "irregularities" in its emissions as requested by the U.S. Department of Justice and said it was co-operating with authorities in the investigation. (http://bit.ly/1XLylPK)
NYT
- Apple Inc's iBooks Store and iTunes Movies were shut down in China last week after Chinese regulator State Administration of Press, Publication, Radio, Film and Television demanded the closings, according to two people who spoke on the condition of anonymity. (http://nyti.ms/1Qrhn3l)
- FBI director, James B Comey Jr, suggested at a technology conference in London that his agency paid at least $1.3 million to an undisclosed group to help hack into the encrypted iPhone used by an attacker in the mass shooting in San Bernardino, California. (http://nyti.ms/1QrhITq)
- SunEdison, which started out making chemicals and components for solar modules but grew into a giant of renewable energy, has filed for bankruptcy protection, the company said on Thursday. (http://nyti.ms/1QrhMCG)
- Dish, the satellite TV provider, and Viacom announced on Thursday that they had struck a multi year agreement for Dish to continue to carry Viacom's bundle of television networks, averting a threatened blackout. (http://nyti.ms/1Qri10J)
Britain
The Times
* Smiths Group PLC has agreed a $710 million deal with Safran, the French multinational, to acquire Morpho Detection, its U.S.-based manufacturer of advanced security scanning technology. Morpho will become part of Smiths Group's detection division. (http://bit.ly/23MIe6K)
* Customers should get a monthly bill from their bank with clear information about how much they are paying for their account, according to the chief executive of TSB. The Competition and Markets Authority should push banks to publish "foregone interest" - the amount someone would have made from putting their current account balance in a savings account - alongside any other costs, Paul Pester said. (http://bit.ly/1Vo6Rlk)
The Guardian
* President Barack Obama has made an emotional plea to British voters - as a "friend and ally" - to "stick together" with the rest of the European Union , as he arrived in the UK to celebrate the Queen's 90th birthday. (http://bit.ly/1SUEftt)
* The FBI paid about $1.3 million for software to hack into the iPhone of San Bernardino gunman Syed Farook, director James Comey told a London audience on Thursday. (http://bit.ly/1Wgh02l)
The Telegraph
* Anglo American PLC became the latest company to fall foul of disgruntled investors as the so-called Shareholder Spring against governance at the top of some of Britain's biggest companies intensified. The FTSE 100 miner saw 42 percent of those shareholders who voted at its annual general meeting (AGM) in London on Thursday did so against the company's remuneration report. (http://bit.ly/1SUM1ne)
* The Government has announced its willingness to part-nationalise much of the British steel sector, in an attempt to support the floundering industry. Downing Street has revealed that it is prepared to purchase a minority stake worth up to a quarter of Tata Steel's British steel assets, and could provide hundreds of millions of pounds of debt refinancing in order to keep hopes of a deal alive to preserve steel production. (http://bit.ly/1YIR12x)
Sky News
* David Cameron has urged his closest business advisers to use the final two months before the UK's EU referendum to warn publicly on the risks of Brexit despite growing signs that many of them are reluctant to do so. (http://bit.ly/1Vockst)
* All diesel cars tested by the Government after the Volkswagen emissions scandal exceed laboratory pollution limits in real-world conditions, a study says. (http://bit.ly/1TlNk1r)
The Independent
* Lloyds Banking Group, Britain's largest mortgage lender, will eliminate 625 jobs across operations and close 21 branches as part of broader cost cuts announced in October 2014. The decision is part of plan to pare about 9,000 roles by 2017, the London-based bank said in a statement on Thursday. (http://ind.pn/26gKkKI)
* The Ministry of Justice has revealed plans to increase the cost for immigrants to appeal against Home Office decisions by up to 500 per cent. (http://ind.pn/1VocQGL)