Blackstone notifies Cohen's SAC it intends to pull money: pension consultant (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters. Chinese premier criticizes EU move on trade measures SHANGHAI (Reuters) - Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported. News Corp to take charge of up to $1.4 billion this quarter (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. Lobbying in American-US Airways deal focuses on small cities (Reuters) - US Airways Group and American Airlines , seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities, sources close to the effort told Reuters. Wall Street Week Ahead: Investors look for signs in the rally's break NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. New York claims more proof of bank mortgage abuses NEW YORK (Reuters) - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp , Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses. Ex-Virginia bank executives guilty in financial crisis case (Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday of conspiracy to commit bank fraud and other charges in connection with a scheme to conceal loan losses that contributed to the bank's collapse in 2011. Exclusive: In surprise, General Growth eyes New York office tower NEW YORK (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail real estate market, according to two sources familiar with the deal. Wall Street Week Ahead: Investors look for signs in the rally's break NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. Senator urges 'extreme caution' on SoftBank -Sprint deal WASHINGTON (Reuters) - An influential senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel , warning it could expose the United States to Chinese cyber attacks. Visa, Mastercard ask U.S. court to declare card fees are lawful NEW YORK (Reuters) - Visa Inc and MasterCard Inc, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law. Wall Street posts first weekly loss since mid-April on Fed angst NEW YORK (Reuters) - The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the economy. Justice Department opposes AMR's $20 million severance for CEO Horton (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton. U.S. audit regulator reaches deal with China on document access NEW YORK (Reuters) - U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United States. Bausch & Lomb's Ista pleads guilty over kickbacks (Reuters) - Ista Pharmaceuticals Inc pleaded guilty on Friday to charges it used kickbacks and improper marketing to boost sales of a drug meant to treat eye pain and agreed to pay $33.5 million to settle criminal and civil liability, the U.S. Department of Justice said. Yahoo joins growing list of bidders for Hulu: sources LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Exclusive: DBRS to rate all euro zone sovereigns by year-end NEW YORK (Reuters) - DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 of 17, which will give the now-missing countries one more way for the ECB to weigh how valuable each nation's debt is as collateral. State Department posts feedback on Keystone pipeline WASHINGTON (Reuters) - The State Department says it is taking the unusual step of releasing publicly the feedback it has received about a controversial pipeline project after an "unprecedented" response to its draft environmental report. DOJ subpoenas documents on Forest Labs' inhalation drug (Reuters) - Drugmaker Forest Laboratories received a subpoena earlier this month from U.S. prosecutors requesting documents relating to its small-selling lung disorder product, the Tudorza Pressair inhaler, the company said in a filing. Ford to retain 1,000 jobs at French plant after deal BLANQUEFORT, France (Reuters) - Car maker Ford will retain 1,000 jobs at a plant in southwest France after striking a deal on Friday with local authorities to share the burden of new investments needed to keep the factory operating. UBS France could face criminal investigation: source PARIS (Reuters) - UBS' French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank's business practices, a person familiar with the matter said on Friday. Monte Paschi might not be an isolated bank case in Italy: Chairman BAGNAIA, Italy (Reuters) - The crisis that has hit Italy's third-largest lender Banca Monte dei Paschi di Siena might not be an isolated case, Monte Paschi Chairman Alessandro Profumo said on Friday. Raiffeisen CEO quits over offshore deals VIENNA (Reuters) - Raiffeisen Bank International Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare the bank he built into an eastern European powerhouse from damaging publicity over his personal property deals. P&G CEO switch will not lead to big strategy change: CFO (Reuters) - Procter & Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world's largest consumer products maker. News Corp's publishing business to initiate stock buyback (Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away.