Wall Street Journal

• Apple Pushes Web TV (Wed, 01 Sep 2010 16:12:27 EDT)
  Apple CEO Steve Jobs unveiled a new Apple TV device that can deliver 99-cent rentals of TV shows over the Internet. He also updated the line of iPod media players.
  
• August U.S. Car Sales Plummet (Wed, 01 Sep 2010 16:38:18 EDT)
  Most car makers reported their U.S. new-vehicle sales in August declined significantly from a year earlier, when auto makers saw a spike in sales from "cash for clunkers."
  
• Pair Settle Insider-Trading Case in '07 Drug Merger (Wed, 01 Sep 2010 16:11:41 EDT)
  The Securities and Exchange Commission settled insider trading allegations against a former hedge-fund manager and an executive at Merck & Co., involving a big drug-company deal in 2007.
  
• IBM Unveils Microprocessor (Wed, 01 Sep 2010 14:42:59 EDT)
  IBM unveiled details of its new advanced mainframe chips that it said can process information at record-breaking speeds.
  
• GE Vice Chairman Cautiously Optimistic on Economy (Wed, 01 Sep 2010 14:54:19 EDT)
  The head of GE's technology infrastructure division said that emerging-market demand remains strong and he is still seeing "pockets of growth" in developed markets.
  
• Back-to-School Shopping a Bust (Wed, 01 Sep 2010 10:31:54 EDT)
  Shoppers spent slightly more last month than they had the year before, but sales were far short of 2008 levels, heralding what could be a disappointing holiday shopping season.
  
• Clashing Testimony on Lehman (Wed, 01 Sep 2010 16:15:52 EDT)
  The Democratic chairman of a blue-ribbon panel examining the U.S. financial crisis said that government officials made a "conscious policy decision" not to prevent Lehman Brothers' 2008 collapse, potentially accelerating the financial crisis.
  
• Burger King in Talks Over Sale (Wed, 01 Sep 2010 14:27:35 EDT)
  Burger King has been in talks with potential buyers about a possible sale.
  
• Fast-Food Firms Heat Up (Wed, 01 Sep 2010 13:34:38 EDT)
  After a little more than four years trading on the Big Board, Burger King's stock was little changed through Tuesday's close, while some of its major competitors' have soared.
  
• Central Banker Seeks to Calm Fears (Wed, 01 Sep 2010 14:05:07 EDT)
  The governor of Afghanistan's central bank said Kabul Bank, the country's top lender, was solvent, seeking to allay fears that the bank is deeply in the red.
  
• Tribune: Mediator to Assist in Bankruptcy Talks (Wed, 01 Sep 2010 14:44:21 EDT)
  Tribune said a court-appointed mediator will help negotiate among sparring creditors in the company's 21-month stint in bankruptcy.
  
• BP Tripled Its Ad Budget After Spill (Wed, 01 Sep 2010 13:46:37 EDT)
  BP spent more than $93 million on newspaper advertisements and TV spots in the weeks following the Deepwater Horizon oil spill, paying out three times as much money on ads as it did during the same time last year.
  
• Coca-Cola Buys Russian Juice Company (Wed, 01 Sep 2010 14:32:32 EDT)
  Coca-Cola acquired Nidan Juices, one of the four largest juice makers in Russia, as the beverage giant continues its push into noncarbonated drinks.
  
• AT&T Drops Hallmark Channels From U-verse (Wed, 01 Sep 2010 14:04:17 EDT)
  AT&T Inc. and Crown Media Holdings Inc. failed to reach a distribution agreement for the Hallmark and Hallmark Movie channels, causing their removal from the telecom company's U-verse cable lineup.
  
• Borders Posts Wider Loss (Wed, 01 Sep 2010 12:00:12 EDT)
  Borders reported a wider quarterly loss as the retailer's sales remained under pressure and margins dropped.
  
• Delta to Shrink Comair Unit (Wed, 01 Sep 2010 14:06:39 EDT)
  Comair, a regional airline owned by Delta, said it will cut its fleet by more than half and reduce staffing over the next two years.
  
• Margin Pressures Clip Brown-Forman (Wed, 01 Sep 2010 13:57:13 EDT)
  Liquor maker Brown-Forman said first quarter profit fell 8% on margin pressures even as sales of its leading brands rose.
  
• Judge Deals New Blow to Drilling Moratorium (Wed, 01 Sep 2010 16:08:58 EDT)
  The federal judge who struck down the Obama administration's initial six-month moratorium on deepwater oil-drilling handed the government another setback on Wednesday.
  
• Conn. A.G. Probing First Niagara-NewAlliance Deal (Wed, 01 Sep 2010 16:36:30 EDT)
  Connecticut Attorney General Richard Blumenthal is probing First Niagara Financial Group's $1.5 billion proposed acquisition of NewAlliance Bancshares.
  
• Patent Claims Dog Product Makers (Wed, 01 Sep 2010 10:19:18 EDT)
  Recent court rulings could pave the way for hundreds of lawsuits -- and potentially massive awards -- against major companies over expired patents.
  
• Court Backs Injunction Blocking Generic Versions of Lilly's Evista (Wed, 01 Sep 2010 14:32:01 EDT)
  A federal appeals court affirmed a lower-court ruling that will block generic versions of Lilly's osteoporosis drug Evista from becoming available in the U.S. until 2014.
  
• FCC Not Abandoning Broadband Plan (Wed, 01 Sep 2010 15:54:32 EDT)
  
• Sinochem Has Banker Scope Potash (Wed, 01 Sep 2010 14:15:32 EDT)
  Sinochem hired HSBC for advice regarding Potash, following BHP's bid for the Canadian fertilizer company, the latest sign of Chinese interest in the deal.
  
• Whirlpool to Invest in U.S. Plants (Wed, 01 Sep 2010 13:06:54 EDT)
  Whirlpool's plans for a new Tennessee plant highlight a shift by export-driven U.S. manufacturers away from low-cost locales overseas to highly automated and consolidated U.S. operations.
  
• Allergan to Settle Botox Charges (Wed, 01 Sep 2010 12:11:50 EDT)
  Allergan agreed to pay the U.S. government $600 million to settle criminal and civil charges related to the marketing of antiwrinkle treatment Botox.
  
• China's Rebound Eases Slump Fears (Wed, 01 Sep 2010 15:33:54 EDT)
  China's manufacturing rebounded in August, countering weakness in some other Asian economies and suggesting the region's growth won't slow down.
  
• Currency Trading Soars (Wed, 01 Sep 2010 13:32:50 EDT)
  Currency trading volume around the world has hit $4 trillion a day, fueled by investors in the wealthiest nations looking to diversify beyond their home markets in a time of economic turmoil.
  
• Heinz Profit Rises 13% (Wed, 01 Sep 2010 10:35:59 EDT)
  H.J. Heinz's fiscal first-quarter earnings rose 13% as the food maker benefited from growth in emerging markets.
  
• Ping An to Increase Shenzhen Bank Stake (Wed, 01 Sep 2010 11:05:01 EDT)
  Ping An Insurance (Group) Co. of China plans to acquire an additional 32% stake in Shenzhen Development Bank for $4.27 billion in a private placement to control the national lender.
  
• Pfizer Agrees to Acquire FoldRx (Wed, 01 Sep 2010 10:38:52 EDT)
  Pfizer agreed to buy privately held FoldRx Pharmaceuticals, whose leading drug candidate is a therapy for a genetic neurodegenerative disease for which the only current therapy is a liver transplant.
  
• FDIC: 829 U.S. Banks at Risk (Wed, 01 Sep 2010 05:42:57 EDT)
  More than a tenth of U.S. banks remain at risk of failure even as some industry indicators, including credit quality, show signs of revival.
  

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