DealZone

The Obama administration will pick the brains of housing finance leaders on how to fix Fannie Mae and Freddie Mac, but made one thing is clear: there is no going back to their pre-crisis structure. *View article

BHP Billiton may see potash as an ideal fit within its portfolio but today Potash Corp’s board rejected BHP’s unsolicited $38.6 billion offer, terming it as “grossly inadequate.” *View article

Energy stocks ranked among the worst performers in the second quarter on jitters about a double-dip recession. What did the top fund managers do? They staked out the sector much like they did with financial companies earlier in the year. *View article

The rising yen is helping reignite a push by Japanese companies to snap up overseas assets and secure growth outside their sluggish home market. Japanese companies have a patchy reputation for dealmaking that stems from famously overpaying for trophy properties but executives are more worried about being left behind by hard-charging global rivals. *View article *View factbox on the yen