From MARKETS 11:47am

Sterling drops to four-week low

Pound falls against dollar as BoE cuts growth forecasts

From ENERGY 5:48am

GE to buy Australia’s Industrea for A$700m

US group builds up business serving resource industries

From ENERGY 12:47am

Chesapeake expands short-term loan to $4bn

Gas group cites ‘strong investor demand’ despite S&P downgrade

From FINANCIALS 12:17am

Carlyle earnings hit by weak investment profits

Group continues disappointing start to public life

From TRANSPORT 11:55pm

AMR unions back contract changes

American Airlines parent hopes plan will restore profitability

From MEDIA 11:33pm

GM to pull back on Facebook advertising

aises questions over business model ahead of IPO

From RETAIL & CONSUMER 11:16pm

Activist investor makes move on PepsiCo

Relational to push on spin off of US beverages

From TECHNOLOGY 10:30pm

Facebook raises IPO price range

Move puts social networking group in sight of $100bn valuation

From RETAIL & CONSUMER 10:13pm

JC Penney customers disdain overhaul

Retailer halts dividend after revenue drop

From WORLD 9:31pm

Bankers focus on reform-minded French duo

From FINANCIALS 9:23pm

Sun Life considers selling UK arm

Canadian insurer’s plan signals retreat of overseas operators

From MEDIA 8:08pm

UK woes fail to trouble News Corp investors

Shareholders seem more interested in buybacks

From MARKETS 8:05pm

JPMorgan loss exposes derivatives dangers

Fears new rules could raise financing costs

From LEX 8:01pm

Coty / Avon: loss of face

The end of a limp bid for the cosmetics seller raises the question of which company made itself look worse

From HEALTH 7:34pm

Cardinal bows to US drug agency

Wholesaler suspends shipments from centre

From LEX 7:33pm

Chesapeake: in the sights

The role of the company founder and chief executive is finally getting the attention it deserves

From LEX 7:33pm

Japan’s megabanks: travel time

The lenders have ventured overseas before and suffered but another visit might be timely

From RETAIL & CONSUMER 6:45pm

Avon’s long road ahead as Coty walks away

Group faces challenges after $10.7bn bid is axed

From TECHNOLOGY May 15, 2012

Facebook must adapt to rise of smartphone

Site has to prove it can make money from mobiles

From MEDIA May 15, 2012

Yahoo axes $19m deal for ex-chief

Cancellation adds to impression Thompson forced out

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