Argentina will default for the second time in 13 years if it cannot reach a deal with the U.S. hedge funds before July 30. Following a U.S. judge's order, Argentina can't pay investors who accepted lower-valued bonds after its record $100 billion default in 2001 unless it also pays off creditors who didn't participate in previous bond swaps.» Read More
*Sony falls after dismal earnings. TOKYO, May 2- Japanese shares stepped back on Friday, with Sony Corp. falling after a profit warning and as investors took a cautious stance ahead of a closely-watched U.S. employment report later in the day.
*Biggest deal for Viacom since split from CBS. April 30- U.S.-based Viacom Inc said on Thursday it would buy British TV broadcaster Channel 5 from media baron Richard Desmond for $760 million as a keystone to develop its worldwide presence.
TOKYO, May 1- Sony Corp slashed its earnings guidance for the third time in a year on Thursday to barely 10 percent of its initial outlook as further losses from its PC exit cast a pall over its struggling electronics division.
April 30- Sprint Corp is planning to move ahead on a bid for smaller rival T-Mobile US Inc after meeting banks in April, Bloomberg reported, quoting people with knowledge of the situation.
April 30- Berkshire Hathaway Inc's energy unit has changed its name to Berkshire Hathaway Energy from MidAmerican Energy Holdings Co, the largest of a growing list of businesses to adopt the name of the company run by billionaire Warren Buffett.
David Geffen says he, Winfrey and Oracle's Larry Ellison are joining together to bid for the team, according to ESPN.
MOSCOW, April 30- Chinese investors are committed to financing part of Novatek's $27 billion Russian gas project, ensuring it has sufficient backing despite losing U.S. support because of sanctions, the company said on Wednesday. "I think there will be a lot of conversations and travel between Moscow and Beijing- a more open dialogue."
GENEVA, April 30- Guinea's President Alpha Conde said on Wednesday he hoped Brazilian miner Vale would bid to reclaim two iron ore permits, because the company had not been involved in the alleged corruption that led to their cancellation.
*Its facilities could be sold for a symbolic 1 euro- Italian media. NEW DELHI/ LONDON, April 30- India's billionaire brothers, Naveen and Sajjan Jindal, could be the answer Pope Francis is looking for.
GENEVA, April 30- Guinea's President Alpha Conde said on Wednesday he would welcome a bid by Brazilian miner Vale for re-allocation of mining permits because it had not been involved in the corruption that led to their cancellation.
OSLO, April 30- Oil services firm Aker Solutions said on Wednesday it would split into two, keeping its best assets in a streamlined firm under new management as the market sours for several of its top business segments.
SYDNEY, April 30- London copper inched higher on Wednesday but remained below recent eight-week peaks, underpinned by tight credit conditions in top consumer China and as volumes fade ahead of a string of economic data and a series of holidays this week. *Copper on Monday stretched to its highest since March 7 at $6,798 a tonne.
MEXICO CITY, April 29- America Movil, Latin America's biggest phone company, said on Tuesday that higher debt costs had pushed its first-quarter profit down by almost half as its service revenue and subscriber base showed sluggish growth.
BOSTON, April 29- A Sotheby's board member agrees with some of billionaire activist Daniel Loeb's long-running criticisms of the 270- year old auction house, saying he has a "killer set of issues," according to emails read in court on Tuesday.
NEW YORK, April 29- Berkshire Hathaway Chairman and Chief Executive Warren Buffett said Tuesday that his son, Howard Buffett, served Coca-Cola shareholders and not Berkshire on the beverage maker's board.
NEW DELHI, April 29- Bharti Airtel Ltd, India's top mobile phone carrier, reported its second consecutive quarter of profit growth, meeting estimates, as reduced competition in the world's second-biggest mobile phone market helped push call prices higher.
PARIS, April 28- France said it would defend jobs and its national interest as it met suitors eyeing a breakup of engineering group Alstom on Monday and suggested it preferred Germany's Siemens over U.S. giant General Electric.
Turkish police believe that until recently, the area around the market also sat at the centre of an audacious, multi-billion-dollar scheme involving bribery and suspect food shipments to Iran.
April 29- Carl Icahn and William Ackman, who clashed on their views about nutrition company Herbalife Ltd, could team up on activist investments in future, the Wall Street Journal reported. Neither Ackman's Pershing Square Capital Management hedge fund, nor Icahn Enterprises LP could be reached for comment outside regular U.S. business hours.
BOSTON, April 29- Sotheby's and its largest investor, Daniel Loeb, will open their arguments in court on Tuesday on whether the auction house should be allowed to restrict the billionaire's ownership stake, in a case that could reshape the world of shareholder activism.