Frontrunning: July 18


  • Ukraine Says Malaysian Airliner Shot Down Near Russian Border (BBG)
  • Downing of airliner seen as pivotal moment in Ukraine crisis (Reuters)
  • Malaysian Air Flight Took Route Avoided by Qantas, Asiana (BBG)
  • Russian-Made Missile Hit Malaysia Jet, U.S. Officials Say (BBG)
  • Netanyahu Orders Military to Ready Wider Gaza Incursion (BBG)
  • Silvio Berlusconi Underage Sex Conviction Overturned (WSJ)
  • But... but... "economic patriotism" - AbbVie to Buy Shire for $54.8 Billion as Drug Deals Surge (BBG)
  • SEC targets 10 firms in high frequency trading probe - SEC document (Reuters)
  • Art bubble pop: Sotheby's to Lay Off 'Modest' Number of Employees (WSJ)
  • Moar Abenomics: Hermes Sales Trail Estimates as Japanese Revenue Declines (BBG)
  • Clinton Says EU Must Lead Response to Plane Downing (BBG)
  • Under Pressure, Twitter Tries to Resize Itself (WSJ)
  • RBS Said to Be Unwinding Distressed Unit as Head Departs (BBG)
  • China Finds Debt Addiction Hard to Break in Growth Quest (BBG)
  • Bitcoins Can’t Shake Bubble Image in Poll After 45% Drop (BBG)

 

Overnight Media Digest

WSJ

* A Malaysia Airlines plane carrying 283 passengers and 15 crew crashed Thursday in the battle-torn east Ukraine region of Donetsk, where U.S. intelligence agencies say it was struck by a ground-to-air missile. The U.S. agencies are divided over whether the missile was launched by the Russian military or by pro-Russia separatist rebels, who officials say lack the expertise on their own to bring down a commercial airline in midflight. (http://on.wsj.com/1mZNwEO)

* The White House late Thursday said the United States is "shocked" by the downing of a Malaysia Airlines flight near the Ukraine-Russian border and blamed Russia for fueling tensions that may have led to the disaster. (http://on.wsj.com/1tccimf)

* SoftBank Corp said Friday that Google Inc Chief Business Officer Nikesh Arora will join the company in October as vice chairman and chief executive of SoftBank Internet and Media. (http://on.wsj.com/1tYxssg)

* Microsoft said it plans to eliminate up to 18,000 jobs and take charges to earnings of up to $1.6 billion over the next year to streamline its operations following the recent acquisition of Nokia's devices and services business. (http://on.wsj.com/1wCkRXL)

* Twitter Inc is expected to unveil as many as four new metrics later this month that it hopes will illustrate its reach beyond the 255 million users that log in at least once a month, according to people familiar with the matter. (http://on.wsj.com/Wgx0Xb)


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