Court Rejects Hedge Fund's Motion to Block Merger of Samsung Affiliates 

A South Korean court on Wednesday rejected a motion by a U.S. hedge fund to block a planned $8 billion takeover of the construction arm of the Samsung conglomerate by the de facto holding company of the business group, clearing the way for shareholders to vote on the deal. (published 0236 GMT)

 
 
Sprint Hangs Up on Throttling Policy 

Sprint Corp. said it would end a policy of slowing video speeds for unlimited data customers, after an outcry over the practice undermined the carrier's attempt to promote a new phone plan Tuesday. (published 0241 GMT)

 
 
Puerto Rico Utility, Creditors Close to Deal to Avoid Default, Sources Say -- Update 

The Puerto Rico Electric Power Authority and its creditors were close to a deal Tuesday that would allow the cash-strapped utility to pay more than $400 million to bondholders, said people familiar with the matter, potentially staving off what investors feared might be the first default of many from the U.S. commonwealth. (published 0202 GMT)

 
 
Sysco Ends Plans to Merge With US Foods -- 2nd Update 

Sysco Corp. abandoned its planned acquisition of rival US Foods Inc. following a federal judge's ruling against the deal, forcing the food-distribution giant to find a new strategy for its future that is likely to include smaller acquisitions. (published 0053 GMT)

 
 
Asciano Receives Takeover Approach from Brookfield 

Australian ports operator Asciano Ltd. said it had received an 8.83 billion Australian dollar takeover proposal from Brookfield Asset Management Inc. . (published 0056 GMT)

 
 
Donna Karen to Step Down as Chief Designer of Namesake Company 

DKNY is losing the DK. (published 0114 GMT)