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PRESS DIGEST - Wall Street Journal - Aug 6
August 6, 2014 / 6:05 AM / 3 years ago

PRESS DIGEST - Wall Street Journal - Aug 6

Aug 6 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

* 21st Century Fox has withdrawn its proposal to acquire Time Warner, saying the owner of HBO has "refused to engage with us." (

* Sprint Corp decided to end its pursuit of T-Mobile US Inc in the face of stiff opposition from regulators and to replace Chief Executive Dan Hesse. (

* Apple Inc and Samsung Electronics Co Ltd are calling a partial truce in their smartphone war. The two technology giants agreed to dismiss all patent disputes between them in courts outside the United States, marking an easing of tensions. (

* Private-equity firm TPG, after a few disastrous deals, is pursuing a revival based on smaller investments and a new fund, while laying the groundwork for a possible IPO. (

* An Afghan soldier killed a two-star U.S. Army general when he opened fire on a group of Western military officers Tuesday, claiming the highest-ranking American casualty in more than a decade of war. (

* In a sweeping rebuke to Wall Street, U.S. regulators said 11 of the nation's biggest banks haven't demonstrated they can collapse without causing damaging economic repercussions and ordered them to try again. (

* Overseas takeover deals designed to lower corporate taxes took a double-punch on Tuesday when Walgreen Co ruled out the tactic for a foreign merger and the U.S. Treasury Department said it was looking for ways to deter the strategy. (

* BATS Global Markets Inc is in advanced talks with regulators to settle allegations that it gave unfair advantages to high-speed traders. (

* The TV-and-publishing conglomerate is an endangered species. Gannett Co Inc joins media companies that have decided their broadcasting businesses should split from their newspapers or magazines. (

* U.S. and African leaders on Tuesday unveiled $14 billion in commercial deals in Washington, part of a campaign to improve on a trade relationship in which the two parties still do little business together. (

* T-Mobile US Inc denied Iliad SA's request for access to the U.S. telecom's books after determining that the French company's proposed $15 billion bid wasn't strong enough, people familiar with the matter said. (

* Spain's Telefonica SA is offering $8.99 billion in cash and shares for Vivendi SA's Brazilian unit GVT, in a bid to create Brazil's largest telecom operator. (

* A German court agreed to drop a criminal case against Formula One magnate Bernie Ecclestone for alleged bribery, pending payment of a $100 million fine. (

* China's top economic planning agency said on Wednesday it will punish Audi AG and Chrysler after an investigation found the two luxury car makers had pursued monopoly pratices. (

* Australia's Orica Ltd said on Wednesday it wants to sell or list its chemicals business making everything from dyes to fertilizers, which analysts estimate could be worth up to 1 billion Australian dollars($930.40 million). ( (1 US dollar = 1.0748 Australian dollar) (Compiled by Rama Venkat Raman in Bangalore; Editing by Biju Dwarakanath)

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