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• Emerging Stocks Decline as Commodity Producers Tumble

  Updated 1 hour, 26 minutes ago

  Emerging stocks were set for a second weekly drop as a slump in commodities sank producers from OAO Gazprom to Vale SA. Hungary’s benchmark index jumped to a three- month high as the nation published its budget plans.

• David Porcelli and Gregory Anderson Join BMO, Vlaad Says

  Updated 2 hours, 25 minutes ago

  David Porcelli joined BMO Capital Markets as co-head of U.S. equity products, leaving Barclays Capital, according to Vlaad and Co., a Toronto-based financial services recruiting firm.

• Chief Swiss Negotiator in U.S. Tax Dispute Resigns

  Switzerland’s top negotiator in talks to resolve a U.S. Justice Department probe of Swiss banks that allegedly helped Americans dodge taxes will step down at the end of August.

• Austrian Central Bank Had Strong Nazi Base in 1930s, Study Finds

  The Nazi party had a strong following in Austria’s central bank years before the Alpine nation was annexed by Adolf Hitler’s Germany, a historical review found.

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  Wall Street Pipeline Finds Work for College Lacrosse Players

  Before Dom Starsia talks about national titles, he unfolds a two-foot-wide spreadsheet that gives University of Virginia recruits a look at life after lacrosse.

• Putin’s Frustration Grows as Russia’s Economy Slumps

  President Vladimir Putin’s popularity throughout much of Russia is founded on an implicit social compact: People have given up some freedom in return for economic prosperity.

• Swiss Bank Sees U.S. Fine as Part of Deferred Prosecution Deal

  Zuercher Kantonalbank, the biggest Swiss cantonal bank, expects to pay a fine to U.S. authorities as part of a deferred prosecution agreement for its alleged role in helping Americans evade taxes.

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  Apple Tax Grilling Becomes Cook’s Latest Testing Crisis

  Tim Cook’s tenure at the helm of Apple Inc. has been a crash course in crisis management.

• European Stocks Erase Losses on Bullard Comments

  European stocks erased losses in the final minutes of trading as Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank should continue its bond-buying program.

• BlackRock to Buy Real Estate Firm MGPA for Asia Expansion

  BlackRock Inc., the world’s largest asset manager, agreed to buy private-equity property investment advisory firm MGPA for an undisclosed amount to expand real- estate business in the Asia-Pacific region and Europe.

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