President Barack Obama said in Japan today world leaders are "rattled" by presumptive GOP presidential candidate Donald Trump and have good reason to feel that way. Obama said Democratic candidates Hillary Clinton and Bernie Sanders are not that ideologically different. (AP)
Hillary Clinton violated federal records rules through her use of a private email server while she was secretary of state, a State Department audit concluded. The review challenges some of Clinton's fundamental assertions about the practice. (NBC News)
Walt Disney (DIS) chief executive Bob Iger has shot back at Bernie Sanders after the Democratic presidential candidate attacked the theme park and movie giant over worker pay and conditions. In a private Facebook post seen by The Wrap, Iger slammed Sanders.
A top Apple executive raised the prospect of the iPhone maker buying Time Warner at a meeting with the owner of HBO, CNN and Warner Brothers, according to three people who were briefed on it. (FT)
"It's less about revenge and more about specific deterrence," said Peter Thiel, in the billionaire Silicon Valley entrepreneur's first interview since it was revealed he backed wrestler Hulk Hogan's suit against Gawker. A jury in Florida recently awarded Hogan $140 million. (NY Times)
A LendingClub (LC) fund that invests in the firm's online consumer loans suffered one of its worst monthly performances for April and disclosed it was buying riskier loans than originally intended, reports the Wall Street Journal. The CEO was forced to leave earlier this month.
Wells Fargo (WFC) is launching a 3 percent down payment mortgage to help out first-time buyers and low to moderate-income buyers who've largely been sidelined in the housing recovery. The minimum FICO score for these loans is 620. (CNBC)
Shares of Takata surged more than 20 percent, after U.S. private equity group KKR offered to support the turnround of the Japanese airbag maker embroiled in the largest automotive safety recall in history. KKR is among several candidates to express interest. (FT-subscription)
Beating out a European consortium, General Electric (GE) won a contract to supply engines for South Korea's KF-X fighter jet project, in a deal that could be worth an estimated $3.5 billion. The move advances Seoul's effort to reduce its reliance on the U.S. military for air defense. (Reuters)
Starbucks (SBUX) is planning to open its first high-end Starbucks Roastery and Reserve Tasting Room outside the U.S. The new facility opens in Shanghai next year. Starbucks chief Howard Schultz told CNBC the China market has the potential to grow past the U.S.
For the third year in a row, McDonald's (MCD) is temporarily shutting down its headquarters because of protesters ahead of today's annual shareholders meeting. Fast food workers are pushing for wages of $15 per hour and the right to form a union. (Reuters)
Messaging app Snapchat has raised $1.81 billion in an equity offering, indicating strong investor interest, despite concerns about struggles to attract advertisers. TechCrunch said the company could be valued at about $20 billion.