June 18 The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
* President Barack Obama and Russian counterpart Vladimir
Putin clashed openly over Syria as world leaders began a summit,
sharply underscoring deepening differences over the civil war.
* Clearwire Corp, long the U.S. wireless industry's
most embattled carrier, has emerged in recent months as its
crown jewel. The company, which has teetered on the brink of
bankruptcy, has drawn keen interest from Dish Network
and Sprint Nextel Corp for its huge stockpile of spectrum.
* British prosecutors plan to file criminal fraud charges
against former UBS and Citigroup trader Tom
Hayes for allegedly trying to manipulate benchmark interest
* Investor Daniel Loeb's hedge fund Third Point has boosted
its stake in Sony to 6.9 percent, ratcheting up a
campaign to convince the company to launch an IPO of its
* China's big banks are pressuring the nation's central bank
to free up funds to ease an unusual cash squeeze in the world's
No. 2 economy. ()
* President Enrique Peña Nieto will seek to end a taboo of
nearly eight decades by opening the state-run oil and gas
industry to private investment and competition.
* Tesla's Elon Musk has made a fortune disrupting
the status quo in online shopping and renewable energy. Now,
he's up against his toughest challenge yet: Local car dealers.
The electric vehicle maker wants to sell directly to consumers,
bypassing franchised automobile dealers. Dealers are flexing
their considerable muscle in states including Texas and Virginia
to stop him. ()
* The U.S. Supreme Court ruled that courts should give more
scrutiny to pharmaceutical industry patent settlements that can
delay the entry of generic drugs.
* John Malone's Liberty Global is in talks with
Germany's biggest cable operator, Kabel Deutschland,
a move that could set off a bidding war with Vodafone Group
. Liberty Global has been expanding aggressively in