No Deal: EADS and BAE Systems will not extend their merger talks later on Wednesday, calling an end - for now - to a plan to create the world's largest defense and aerospace group, Reuters reports.
Taxing Work: Rewriting the U.S. tax code is rapidly moving back onto the front burner in Washington as policymakers brace for another epic battle over the budget days after the Nov. 6 election, the Washington Post reports.
Google Investigation: In addition to its ongoing broad antitrust investigation, the Federal Trade Commission is also looking at Google's policies around licensing certain patents and suing other companies that it claims infringe on them, The New York Times reports.
Facebook and the SEC: A dozen letters published a month after Facebook’s May 17 IPO on the U.S. Securities and Exchange Commission’s website depict a management team hesitant to disclose information and still guessing at even rudimentary aspects of its business just weeks before the company held the largest-ever technology initial public offering, Bloomberg reports.
Fake Escort: A young Russian immigrant has filed a $16 million lawsuit, claiming that her vengeful ex-boyfriend — a Brooklyn dentist nearly twice her age — set up a phony escort profile using her sexy pictures and then sent the link to immigration officials, according to court documents, the New York Daily News reports.