Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg
May 31, 2013 by Douglas A. McIntyre
Intel Corp. (NASDAQ: INTC) beats out tough competition to get a chip in the new Samsung Galaxy tablet. (Reuters)
The past approval by the federal government of Chinese acquisitions of U.S. companies should help the Shuanghui International Holdings $4.7 billion buyout of Smithfield Foods Inc. (NYSE: SFD). (WSJ)
Procter & Gamble Co. (NYSE: PG) will put four people in senior positions to compete for the CEO job held by A.G. Lafley. (WSJ)
Sony Corp.’s (NYSE: SNE) CEO says he is against a breakup and tells why he supports current plans. (WSJ)
A new version of Microsoft Corp.’s (NASDAQ: MSFT) Windows 8 will not have the current start menu. (WSJ)
Portugal will cut government spending to reach a budget deficit goal of 5.5% of gross domestic product. (WSJ)
American demand for Subaru could cut supplies to levels at which some cars will not be available. (WSJ)
Neiman Marcus rejects a plan by Kohlberg Kravis Roberts & Co. (NYSE: KKR) to combine it with Saks Inc. (NYSE: SKS). (WSJ)
Bitcoin hopes to improve its method for confirming the value of shares that are taken in or out of its inventory. (WSJ)
Japan kills imports of some U.S. genetically altered wheat. (NYT)
OPEC likely will keep its output target for 2013 steady. (NYT)
The International Monetary Fund expresses concern about the weak value of the yen. (FT)
Goldman Sachs Group Inc. (NYSE: GS) receives 17,000 applications for 350 intern jobs. (FT)
Sony hires Citigroup Inc. (NYSE: C) and Morgan Stanley (NYSE: MS) to advise it on a shareholder break up proposal. (Bloomberg)
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