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Bloomberg
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Ford's Focus ST turns up the heat in hatchback faceoff
Catches Volkswagen, rivals off guard
 "Ford's Focus ST turns up the heat in hatchback faceoff")
G-7 finance chiefs clash on budget cuts
The disagreement is the latest in the debate over whether austerity deepens crises or helps end them by boosting investor confidence
 "Sugarcane acreage in India seen at four-year low on drought")
Harvard liquidates Apple stake after iPhone sales lose steam
It also liquidated $42.3 mn of shares in Warnaco Group Inc, as well as a number of exchange-traded funds
Alibaba billionaire Ma steps down as CEO
The decision of the founder of China's largest e-commerce company comes before a likely initial public offering
 "Buffett CEOs match boss on spending, but out of spotlight")
Barnes & Noble surges on Microsoft's Nook bid report
The shares surged 21% on a report that Microsoft is planning to offer $1 bn to buy the Nook Media unit
Microsoft names first woman CFO
As CFO, Amy Hood will be key to managing Microsoft's $74.5 bn in cash and investments
Global grain output seen at record on US outlook, UN says
Rome- based FAO says good crops may translate to somewhat downward pressure on prices
 "Global grain output seen at record on US outlook, UN says")
Cooking oil imports by India to drop on near-record reserves
Purchases of vegetable oils, including those for industrial use, fell 24% to 700,000 tonnes last month
 "Cooking oil imports by India to drop on near-record reserves")
Apple to Google pay CFOs most as stocks climb with cash
Apple Chief Financial Officer Peter Oppenheimer earned the most in fiscal 2012
 "Apple to Google pay CFOs most as stocks climb with cash")
Corporate scorecard: Standard Chartered & Walt Disney
Standard Chartered operating profit falls as wholesale slips
 "Citigroup names Wieting chief strategist for private banking")
Foreigners buy most Indian stocks since Feb
The flows have helped the benchmark S&P BSE Sensex rebound 8.5% from a seven-month low reached April 9
 "Foreigners buy most Indian stocks since Feb")
 "US cancels $4.9 bn in spending cuts")