Clash over derivatives reforms
European regulators have clashed with the US over the timing of reforms to the $633tn derivatives market in a letter urging further delays to guidelines that would extend Washington’s reach overseas. The letteris the latest sign of strain over how different countries should split the job of overseeing the global derivatives market. The US, stung by the 2008 bailout of AIG after losses at its London derivatives arm, is seeking broad authority to police foreign trading that puts domestic taxpayers at risk.
Just Eat readies plans for listing
Just Eat is gearing up for a potential float after the UK’s largest online takeaway group appointed a new chief executive. The venture capital-backed firm says it has plenty of cash but an IPO is expected to be on the menu at some point soon as demand for ordering food online grows.
Pinterest relaxes stance on nudes
Pinterest will allow more nude images to be published on the popular photo-based social network, even as other sites such as Facebook seek to tighten moderation of potentially offensive content.
Shareholder fury at Lonrho board
At Lonrho’s annual meeting in investors yesterday lambasted directors for proposing to sell the company to two of Switzerland’s most powerful financiers and a financial adviser to the Prince of Wales after the share price plunged.
Fortress Wapping to be 1,800 homes
News International’s former printworks site in Wapping is to be transformed into a residential district with up to 1,800 new homes in towers ranging between five and 33 storeys.
The Daily Telegraph
News Corp accused of appeasing DoJ
News Corporation has been accused of mollifying the US Department of Justice in a row over one of its Fox News journalists, as it seeks to stem the potential fallout from the investigation into police bribery at News Corp’s UK newspapers.
Small firms threaten new pensions
Workers risk losing pension savings because some employers plan to break a law requiring them to enrol staff into a pension scheme, according to the IoD.
THE WALL STREET JOURNAL
Apple shifts away from Foxconn
For years, nearly all of the world's iPhones and iPads rolled off the assembly lines of a single company: Foxconn. But Apple is now dividing its weight with a relatively unknown supplier, giving the firm a greater supply-chain balance.
US mobile networks do battle
Dish Network is preparing to raise its bid for Clearwire, making a last-minute push for the mobile broadband operator after Sprint Nextel raised its offer last week.