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Business & Technology

The WSJ News - Samsung, U.S. Securities and Exchange Commission, Mexican President Enrique Pena Niet

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The WSJ News - Samsung, U.S. Securities and Exchange Commission, Mexican President Enrique Pena Niet

2013-04-29 09:45:06

Samsung May Launch A Rugged Galaxy S4 This Summer, Could Counter New Moto Phones

Samsung is working on a dust-proof and water-proof Galaxy S4, which will essentially resemble the S4 but with environmental superpowers, says the Wall Street Journal. The paper also reported that Samsung is launching its next-generation Galaxy tablet in June, as well as a compact S4 at "just" 4.3-inches in size (this still seems large to me, but maybe I'm just old). Samsung has always been keen on capitalizing on flagship branding by diversifying its line with a variety of offshoot devices, so the news should come as no surprise.

UBS in settlement talks with SEC over mortgage bond deal

UBS AG is in talks with the Securities and Exchange Commission to settle allegations the bank defrauded investors in a mortgage bond deal that soured during the financial crisis, the Wall Street Journal reported, citing people familiar with the matter.

The SEC's investigation focuses on allegations UBS defrauded investors in the sale of more than $748 million in notes tied to a collateralized debt obligation the bank created in 2007, the paper reported.

UBS disclosed in a regulatory filing this month that it is in discussions with the SEC concerning the structuring and underwriting of one CDO in 2007, the paper said.

 

The Evolution of Mexican President Peña Nieto's Soap Opera Politics

In his first three months in office, Mexican President Enrique Pena Nieto has surprised many with his determination to change the old rules of power by challenging Mexico's top billionaires and putting one of Mexico's most corrupt and powerful union leaders behind bars. By doing so he has asserted power in a way no Mexican President has since the 1990s. Pena Nieto's bold moves have gained praise from The Financial Times, The Wall Street Journal, and in a piece by The Economist entitled "Sacred Cows no More."

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