The battle for the African telecommunications company, the MTN Group, could come down to a clash between the world’s largest, and fastest growing, emerging markets. Read more..

By HEATHER TIMMONS - The New York Times

Watched as an indicator of whether weakness is seeping deeper into the economy, Disney said that operating income in its parks and resorts unit rose 33 percent. Read more..

By BROOKS BARNES - The New York Times

Stock markets had their worst session in nearly a month, as a swirl of unsettling economic news jolted investors. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

The Lightstone Group, which made one of the last big real estate deals before the credit squeeze, has defaulted on loans for two apartment complexes and is trying to renegotiate other loans. Read more..

By TERRY PRISTIN - The New York Times

A top-ranking UBS executive was briefly detained in the United States in connection with an investigation into the bank’s work with questionable tax transactions, the bank said. Read more..

By LYNNLEY BROWNING - The New York Times

The producer of the television show “Friday Night SmackDown” said first-quarter net income grew to $19.5 million, from $15.1 million a year earlier. Read more..

By BLOOMBERG NEWS - The New York Times