In today's FT: Google steals music march on Apple, Japanese Q1 grow...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/UXDMSS/IEOBLX/XEQHJ6/LQ05NB/   In today's FT Thursday May 16 2013 How useful are FT email briefings to you and what can we do to improve them? Take our short survey Financial Times - UK Homepage   Google steals music march on Apple Internet search group's market value tops $300bn as investors shake off worries about a potential collapse in pricing for Google's advertising http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/Q3M27V/D5/h?a1=2013&a2=5&a3=15   Japanese Q1 growth hits 3.5% Real gross domestic product increased by 0.9% in the three months to March, or 3.5% in annualised terms, government data show http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/7Z3JNE/D5/h?a1=2013&a2=5&a3=15   Sir Mervyn takes his leave on upbeat note After years of revising growth down and inflation up, this is the first inflation report since 2007 to paint a generally brighter outlook http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/1O9YEU/D5/h?a1=2013&a2=5&a3=15   Financial Times - US homepage   JPMorgan demands Bloomberg staff logs Escalation of pressure on company after it emerged Bloomberg journalists could track how clients used a service that is almost ubiquitous on Wall St http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/87PR3E/D5/h?a1=2013&a2=5&a3=15   Cisco optimism sparks relief rally Group's rebound was most marked in the US but its comments about a steady recovery in markets around the world encouraged investors http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/7Z3JNW/D5/h?a1=2013&a2=5&a3=15   IRS chief quits over Tea Party scandal News that acting IRS chief had stepped down came hours after administration succumbed to political pressure about attack on US consulate in Benghazi http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/A51NUK/D5/h?a1=2013&a2=5&a3=15   Financial Times - Europe homepage   Eurozone sets bleak recession record Data likely to add to pressure on the ECB to take further action after cutting interest rates, and to revise its forecasts predicting a recovery later in the year http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/T1W75Q/D5/h?a1=2013&a2=5&a3=15   Spanish banks under pressure on bad loans Move reflects concern among regulators that banks still shying away from admitting full extent of damage inflicted by long-running economic crisis http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/DXHUTQ/D5/h?a1=2013&a2=5&a3=15   Greek yields fall sharply after upgrade 10-year yields fall nearly a percentage point to lowest in three years after Fitch lifts its rating to B- and says the outlook is stable http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/7Z3JFC/D5/h?a1=2013&a2=5&a3=15   Financial Times - Asia homepage   Challenging domination of oil's strong few Oil price reporting agencies reject comparisons with Libor, where sponsors mechanically accepted daily estimates from banks http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/6ANSFE/D5/h?a1=2013&a2=5&a3=15   India: Patents and precedents Pharmaceutical companies fear that the battle raging in India over generic medicines will inspire emerging economies to change their patent laws http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/20SIQL/D5/h?a1=2013&a2=5&a3=15   Japan's banks squeezed by Abenomics Government bond-buying forces lenders out of JGB market, a crucial source of income, prompting the biggest groups to forecast lower profits http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/YGIXY2/D5/h?a1=2013&a2=5&a3=15   World News - latest world news headlines - FT.com   IRS has not reined in election spenders The US tax agency has appeared to do little to rein in organisations that have injected hundreds of millions of dollars into national elections http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/FDGLHB/D5/h?a1=2013&a2=5&a3=15   New Yorker reveals system to mask sources The launch of Strongbox comes amid a row over the US government secretly obtaining phone records of reporters for the news agency AP http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/WHD4XN/D5/h?a1=2013&a2=5&a3=15   Scientists make human cloning breakthrough Human "therapeutic cloning" back on the scientific agenda as US-based team for the first time produce embryonic stem cells from those of adults http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/EKB1TT/D5/h?a1=2013&a2=5&a3=15   Snags await favourite for Fed job As an architect of the Fed's strategy to purchase assets and keep interest rates low, Janet Yellen is the obvious choice to succeed Ben Bernanke http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/A51NUW/D5/h?a1=2013&a2=5&a3=15   Zambia's King Cobra rattles business Fear that crackdown on tax avoidance and transfer pricing could threaten investor friendly image of one of Africa's fastest-growing economies http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/87PR3Z/D5/h?a1=2013&a2=5&a3=15   Companies news and analysis - FT.com   RP Martin suspends chief in Libor probe Move comes as investigation deepens into interdealer broker's role in manipulation of Libor rates, which saw two former employees arrested in December http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/4VRQJO/D5/h?a1=2013&a2=5&a3=15   Banks sue Lisbon over 'toxic' asset claims JPMorgan and Banco Santander file lawsuits in London over a legal dispute over derivative contracts sold to Portuguese state-owned companies http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/LSV6CS/D5/h?a1=2013&a2=5&a3=15   Google chief touts utopian ambitions The internet search company propounds a collaborative tech vision where 'being negative is not how we make progress' http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/RP5A74/D5/h?a1=2013&a2=5&a3=15   Peltz raises stakes in PepsiCo and Mondelez The investor is known for taking large long-term positions in consumer goods and financial companies, then pressing for higher margins, mergers or spin-offs to push the share price higher http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/B4L31W/D5/h?a1=2013&a2=5&a3=15   HSBC signals Europe's first bank buyback Lender unveils further round of heavy cost-cutting and becomes the first leading European bank to raise the prospect of share buybacks http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/1O9YQV/D5/h?a1=2013&a2=5&a3=15   Markets   Asian shares mixed as yen rise hits Nikkei Japanese market slips back in spite of the country's strong economic data, while banks lose ground as their earnings are forecast to fall on weaker loan margins http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/VTK5WY/D5/h?a1=2013&a2=5&a3=15   Oil majors at centre of unregulated trade A handful of energy companies, the largest commodity traders and investment banks that are active in commodity trading dominate crude and oil markets http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/6ANSRT/D5/h?a1=2013&a2=5&a3=15   Investors bet Greece will survive and thrive There are signs of a turnround in the economy and an upgrade by Fitch adds fuel to a bond rally, sending yields to their lowest in three years http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/20SIQF/D5/h?a1=2013&a2=5&a3=15   China to launch offshore renminbi fund Highland Capital Management, a group backed by the Yunnan provincial government, seeks to raise up to Rmb15bn and will focus on southeast Asia http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/Z8EKYD/D5/h?a1=2013&a2=5&a3=15   Central banks will keep equities afloat Continued monetary easing means there are no reasons why stock markets should see a steep slide, and current valuations on most look attractive http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/WHD4KL/D5/h?a1=2013&a2=5&a3=15   Financial Times - Comment   Bloomberg can't take customers for granted Bank and fund managers have liked the company's zeal and ambition, but this error will prompt them to take another look at the cost of the relationship http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/YGIXD1/D5/h?a1=2013&a2=5&a3=15   France should face up to its fears The realisation that hard measures are still needed explains the rapidity with which the French are losing their drive, Maurice Lévy says http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/SU4Z56/D5/h?a1=2013&a2=5&a3=15   Brown-Vitter alone won't fix the banks Instead of the American tax code taking a whack out of big finance's equity, there should instead be the introduction of a tax on bank debt http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/Q3M2Z9/D5/h?a1=2013&a2=5&a3=15   Vietnam must ditch its crony capitalism For a country in its demographic sweetspot, with a highly motivated and entrepreneurial population, the economy is not growing fast enough http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/VTK5XV/D5/h?a1=2013&a2=5&a3=15   London must be free to tax and spend New York, Paris, Berlin and Tokyo have a far wider tax base and more freedom to set rates of taxation paid by their citizens, says Tony Travers http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/K9C8O7/D5/h?a1=2013&a2=5&a3=15   Financial Times - Management   How to bridge a cultural ocean There is often an underlying assumption that Americans and Britons make obvious partners but this can come unstuck when it comes to doing business http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/VTK5WK/D5/h?a1=2013&a2=5&a3=15   A moderate pedant's grammar manifesto Children need to learn that there is a 'standard grammar' used by those who will decide whether to admit them to university or give them a job http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/52F9JU/D5/h?a1=2013&a2=5&a3=15   Management lessons from the frontline Donovan Campbell believes that the military model of servant leadership offers a useful guide, which he illustrates with personal experience http://link.ft.com/r/UXDMSS/IETES2/LQ05NB/C4AVFR/JQ0GOH/D5/h?a1=2013&a2=5&a3=15   Special Reports - FT.com Top 50 Business Ideas Energy in the Americas Executive Education Innovation and the Economy Video Lex Oil pricing probe The European Commission is investigating the energy industry's price-setting mechanisms for oil and gas products after antitrust raids on BP, Shell and Statoil. Lex's Stuart Kirk and Vincent Boland discuss whether investors should be concerned. Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..