The U.S.-led coalition said it killed the second-most-wanted insurgent in Afghanistan, a senior al Qaeda leader from Saudi Arabia who was responsible for setting up terrorist training camps and attacks on U.S. and Afghan forces.

Jurors deliberating for a second day in the insider-trading trial of Galleon Group founder Raj Rajaratnam returned to the courtroom to listen again to nine tapes of his phone calls that were secretly recorded by government investigators.

UBS said first-quarter net profit tumbled 18% as revenue from fixed-income activities such as foreign-exchange and interest-rate products slid, but the bank said fresh inflows at its private bank show trust is returning.

France Télécom is considering the sale of some of its European assets and is looking to seal more network-sharing deals.

France’s Groupe Lactalis said it will make a $4.93 billion offer for all the shares of Italian dairy group Parmalat it doesn’t already own.

The first yuan-denominated stock to list on the Hong Kong exchange is laying the groundwork for a “seismic change” when China allows its citizens to invest abroad more freely, the exchange’s head, Charles Li, said in an interview.