Morning Wrap: today's top business stories

News stories from around the web.

New Statesman

Apple faces US import ban over patents (FT)

Apple faces an import ban in the US on certain models of its iPhone 4 and iPad 2, as well as older devices, after a federal agency found that they infringed Samsung’s patents.

Dame Clara Furse under fire at hearing on new financial watchdog (FT)

Dame Clara Furse, former London Stock Exchange chief executive, faced a withering critique on Tuesday as MPs sharply questioned her independence, qualifications and fitness to join the Bank of England’s new stability arm.

Tesco reports fall in UK sales (BBC)

Supermarket giant Tesco has reported a fall in UK sales over the past three months.

Like-for-like sales, excluding petrol and VAT, dropped by 1% during the 13 weeks ending 25 May 2013.

Government braced for September deadline on resolving future of RBS (Telegraph)

The Government should consider a range of “radical options” for Royal Bank of Scotland, including breaking up the lender, a group of MPs and peers are likely to recommend.

MPs threaten Dame Clara Furse appointment to FPC (Telegraph)

Dame Clara Furse has been warned that her nomination to the Bank of England’s stability arm may not be backed by MPs after her efforts to convince them of her suitability was described as “amazingly unimpressive.”