- Clinton charities will refile tax returns, audit for other errors (Reuters)
- China Warns North Korean Nuclear Threat Is Rising (WSJ), or another country realizes war is the only "exit"
- Shares, euro sag after euro zone PMIs disappoint (Reuters)
- China Manufacturing Gauge Drops to Lowest Level in 12 Months (BBG)
- Deutsche Bank Said to Pay $2.14 Billion in Libor Case (BBG), or roughly a €20,000 per banker "get out of jail" fee
- Brazil’s Petrobras Reports Nearly $17 Billion in Asset and Corruption Charges (WSJ)
- Can This Oil Baron’s Company Withstand Another Quake? (BBG)
- Bad for Q1 GDP: Raytheon sales fall amid weak U.S. defense spending (Reuters)
- Aramark CEO Tops U.S. Executives With $800,000 Plane Tab in 2014 (BBG)
- Half of U.S. Fracking Companies Will Be Dead or Sold This Year (BBG)
- Democrats blast U.S. House Benghazi probe as out to get Clinton (Reuters)
- Pentagon to Open Silicon Valley Office, Provide Venture Capital (WSJ)
Overnight Media Digest
WSJ
* China's top nuclear experts have increased their estimates of North Korea's nuclear weapons production well beyond most previous U.S. figures, suggesting Pyongyang can make enough warheads to threaten regional security for the U.S. and its allies. (http://on.wsj.com/1DeVtJM)
* Petrobras finally put a price tag on the impact of a corruption scandal, writing off $2.1 billion due to alleged graft, in addition to a $14.8 billion asset-impairment charge.(http://on.wsj.com/1OI5tSH)
* FCC staff threw up a significant roadblock to Comcast Corp's proposed acquisition of Time Warner Cable Inc , recommending a procedural move that could potentially sink one of the media industry's biggest mergers in years. (http://on.wsj.com/1JwuEGb)
* The Pentagon plans to open its first office in Silicon Valley in an effort to tap commercial technology to develop more advanced weapons and intelligence systems. (http://on.wsj.com/1FfQQW7)
* E-commerce site Jet.com has yet to launch its marketplace, but it has landed a $600 million valuation and has been lauded for its business model. (http://on.wsj.com/1Eu7KBp)
FT
Navinder Singh Sarao, A UK trader accused of contributing to the 2010 "flash crash" in equity markets began a fight against extradition on Wednesday. He was granted bail in a London court as allegations that he played a role in triggering a dramatic plunge in equity prices revived anxiety in Washington over shortcomings in the workings of the world's largest stock market.
Chief Executive Dave Lewis claimed Tesco was not only over the worst of the crisis triggered by a 250 million pound profit overstatement last September but said there were tentative signs of recovery.
Gamblers are starting to favour Labour's Ed Miliband to become the next prime minister as opinion polls show no sign of a decisive swing back to the Conservatives.
Warren East, the former head of Arm Holdings, will become chief executive of Rolls-Royce, replacing John Rishton, who shocked investors on Wednesday by saying will step down in July.
HSBC is determined to shake off shareholder complaints and stand by its chairman and chief executive as it braces for at its annual meeting on Friday.
NYT
* Critics of the proposed merger with Time Warner Cable Inc say that Comcast Corp's attitude toward compliance paints a picture of an already huge company that uses its heft to its advantage. (http://nyti.ms/1DfBdrH)
* European antitrust regulators are striking at Gazprom's core, going after the Russian energy giant's pricing policies and its politically hued control over natural gas pipelines. But market forces, more than regulatory pressures, are stacking up against the company, as it struggles to maintain its earnings power and geopolitical heft. (http://nyti.ms/1ySdCC6)
* On Wednesday, Google Inc unveiled its long-awaited phone service, called Project Fi, putting the search giant in competition with Verizon Communications Inc , AT&T Inc and other wireless service providers. In addition to new turf, the service is an attempt to blend several communication tools and the multiplying ways of calling people - cellular calls, online calls like those offered by Skype - into a single phone number and service. (http://nyti.ms/1yUZSqh)
* The Justice Department has begun a criminal investigation of the guardrail maker Trinity Industries and is examining the company's relationship with the Federal Highway Administration, according to people with knowledge of the effort. (http://nyti.ms/1Gl5rRm)
* The dispute between Verizon Communications Inc and some of the most popular and prominent TV networks escalated on Wednesday when Disney said that the new, slimmer FiOS cable offering violated agreements with all of its cable networks. (http://nyti.ms/1OJp8BN)
* Facing pressure from consumer groups, Home Depot Inc said it would discontinue use of a potentially harmful chemical in its vinyl flooring by the end of the year. (http://nyti.ms/1DfBCu3)
China
CHINA SECURITIES JOURNAL
- New trading accounts hit 3.3 million last week after China allowed stock investors to open multiple A-share accounts, data from the country's official clearing house showed. That was a 93.8 percent jump from the month before.
SHANGHAI SECURITIES NEWS
- China Everbright Group and its subsidiaries including Everbright Securities Co Ltd have set up an internet financing company, the state-run newspaper said, joining the rush by firms to tap into the booming online finance sector.
SHANGHAI DAILY
- China's business hub Shanghai dealt with 7,688 intellectual property rights cases in 2014, up 15 percent from a year earlier, the city's Higher People's Court said on Wednesday.
CHINA DAILY
- China plans to increase the amount of central government documents translated into foreign languages to boost ties with other countries, the official translation bureau said.
- China's northern Hebei province has fined six wastewater treatments plants nearly 20.5 million yuan ($3.3 million) for discharging excessive pollutants. China is cracking down on industrial pollution in a bid to tackle high levels of air, water and soil contamination.
PEOPLE'S DAILY
- China's land demand is easing as the wider economy cools, the official newspaper said, citing the country's Ministry of Land and Resources. Public building land supply was 609,900 hectares last year, down 18.8 percent from 2013, it added.
Britain
The Times
* Investors dump Tesco as 'bumpy ride' looms
Hopes of a swift recovery at Tesco Plc were dashed by a "reality check" yesterday as the struggling supermarket chain warned of a long, slow rebuilding task after reporting the biggest loss recorded by a British retailer. (http://thetim.es/1DCtd4h)
* Tracksuited trader on 'flash crash' charge pays 5 mln pounds bail
A British trader accused of causing the stock market to crash and wiping hundreds of billions off the value of U.S. shares in minutes paid 5 million pounds ($7.52 million) of his own money to win bail yesterday. (http://thetim.es/1FfbqWC)
The Guardian
* Standard Chartered appoints former GCHQ chief to fight crime
Standard Chartered Plc has attempted to demonstrate how seriously it is taking its crackdown on wrongdoing by appointing the former head of GCHQ, Iain Lobban, to a committee set up to advise its board on financial crime.(http://bit.ly/1IJYSW4)
* Brussels accuses Gazprom of unfair pricing of gas in eastern Europe
Europe's anti-trust regulator has accused Russia's massive gas monopoly, Gazprom, of unfair pricing practices in Moscow's former satellite states of eastern Europe, launching a legal dispute that could result in multibillion-euro fines for the Kremlin's giant energy company. (http://bit.ly/1EtqnFy)
The Telegraph
* Greek markets hit by jitters as Athens fights emergency cash raid
Greek markets have tanked to their lowest level since the country underwent a private sector debt restructuring in 2012, on fears the government will run out of cash to pay its public sector wage bill and service international debts. Athens stocks dipped towards 700 in early morning trading, after the country's deputy finance minister said his government faced at least a 400 million euros ($428.84 million) shortfall to make wage and pensions payments in April. (http://bit.ly/1bwOnek)
* UK set-top box maker Pace bought by US firm for 1.4 bln pounds
Pace Plc, the British set-top box maker, is to be bought by U.S. telecommunications firm Arris Group for $2.1 billion. The deal will see shareholders in Yorkshire-based Pace receive 1.325 pounds in cash and 0.1455 Arris share for each share held, leaving them with a 24 percent stake in the new group. (http://bit.ly/1DePLYB)
Sky News
* Belfry owner tees up 150 mln pounds Gleneagles offer
The owner of The Belfry has made a formal offer to buy Gleneagles that values the venue of last year's Ryder Cup at more than 150 million pounds. KSL Capital Partners, a U.S.-based private equity firm, is one of two remaining bidders for Gleneagles, the 850-acre site in Perthshire which is home to the globally renowned golf course.(http://bit.ly/1IK0wqx)
* Bank of America slapped with 13.3 mln pounds UK fine
The City watchdog has imposed a fine of almost 13.3 million pounds on Bank of America's Merrill Lynch International for incorrectly reporting millions of financial transactions. The fine, the highest imposed by the regulator on such an issue, also took into account a further 121,400 transactions it failed to report, the FCA said.
The Independent
* Sky shares rocket to 14-year high as operating profits hit 1 bln pounds mark
Shares in Rupert Murdoch's Sky Plc have pushed through 11 pounds for the first time in 14 years as it reported its strongest third-quarter numbers for 11 years. (http://ind.pn/1yRwrW3)