Reuters: Regulatory News: PRESS DIGEST - Financial Times - June 12

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PRESS DIGEST - Financial Times - June 12 Jun 12th 2013, 00:13 June 12 | Tue Jun 11, 2013 8:13pm EDT June 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Dimon pledges to fight Whale suits () Google buys mapping app for $1 bln () Tech groups urge US to ease security gag () Investors vent fury at Facebook meeting () IAG paves way for first dividend () Prada to focus on cost control as sales and profit growth slows () Overview JPMorgan Chase & Co Chief Executive Jamie Dimon hit back against allegations that the bank's executives misled shareholders last year during its unfolding London Whale derivatives loss. Google Inc on Tuesday bought mapping app Waze for $1 billion, to safeguard its lead in one of the most crucial aspects of smartphone usage. Google Inc and Facebook Inc have requested that the U.S. government ease up on regulation preventing Internet companies from disclosing how many national security requests they receive for users' data. Facebook Inc Chief Executive Mark Zuckerberg faced a barrage of criticism from investors who were disappointed with the social network's slumping stock price at its first annual general meeting on Tuesday. International Consolidated Airlines Group on Tuesday reached an agreement with trustees to its pension schemes that, it said, would allow British Airways to move to normal dividend payments over time. Milanese luxury brand Prada SpA reported slow first-quarter profit and sales, hurt by a clampdown on luxury gifts in China and lower European consumer spending. Link this Share this Digg this Email Reprints

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