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This is what's in the news for Wednesday May 23, 2012. The Wall Street Journal a senior Nasdaq Stock Market (NASDAQ:NDAQ) executive told customers that the exchange would have put the brakes on Facebook's (NASDAQ:FB) IPO had it known the extent of the technical problems that would plague its systems and disrupt the eagerly anticipated listing. The Wall Street Journal also reports Sony (NYSE:SNE) and Samsung are attempting to have retailers rein in discounts on TVs, hoping to preserve profit margins that may also help protect chains such as Best Buy Co. (NYSE:BBY) and Target (NYSE:TGT) from online competition. Reuters reports European shares declined and safe-haven assets such as the dollar gained today as investors doubted any new measures to tackle the euro zone debt crisis would emerge from a European leaders summit and on renewed talk of a Greek exit. Reuters also reports the SEC was dealt a setback in its cases tied to the financial collapse when a federal judge dismissed large parts of its case against former executives at failed mortgage lender IndyMac Bancorp. Finally Bloomberg reports Google's (NASDAQ:GOOG) Android operating system runs two-thirds of the smartphones sold in China but its online app store, Google Play, isn’t open there because of censorship concerns, creating an opportunity for China Mobile (NYSE:CHL).