Raj bro blabs

Rengan Rajaratnam, younger brother of imprisoned hedge-fund founder Raj Rajaratnam, has been in plea talks to resolve his criminal insider-trading prosecution, the US said.

Autos pick up

An improving housing market spurred pickup truck sales and helped boost US auto sales in May after a disappointing April. The three major US automakers dominate pickup truck sales.

A kick at Dish

Sprint attacked Dish Network’s competing bid for Clearwire yesterday, saying Dish’s demands violate Sprint’s governance agreements with Clearwire and Delaware law.

Lulu cover-up

Lululemon’s black “Luon” yoga pants are back on store shelves, the retailer said yesterday, following a highly publicized recall over complaints that the fabric was too transparent.

Derailing

William Ackman, the activist investor who staged a boardroom coup at Canadian Pacific Railway, plans to cut his stake by about 29 percent after the price tripled since he bought into the carrier in 2011.