PRESS DIGEST - Wall Street Journal - July 3
July 3 (Reuters) - The following were the top stories in the Wall Street Journal on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
* Microsoft Corp is booking a $6.2 billion charge for its money-losing Internet division, an admission that a business anchored by the Bing search engine has failed to live up to its expectations.
* Drug maker GlaxoSmithKline Plc agreed to plead guilty to criminal charges of illegally marketing drugs and withholding safety data from U.S. regulators, and to pay $3 billion to the government in what the Justice Department called the largest health-care fraud settlement in U.S. history.
* Airbus detailed plans to spend $600 million to build jetliners in Alabama - its first assembly plant in the U.S. - in a bid to grab more American orders from U.S. rival Boeing Co and to defuse political opposition to the European aerospace giant.
* Barclays Plc Chief Executive Robert Diamond apologized for the interest-rate manipulation scandal that has engulfed the U.K. bank but resisted outside pressure to resign.
* Micron Technology Inc agreed to acquire troubled Japanese rival Elpida Memory Inc for about $2.5 billion, as the U.S. memory maker bulks up to compete against rivals in South Korea and Taiwan.
* The chief executive of Full Tilt Poker, the beleaguered one-time Web poker giant, was arrested Monday on a plane that had just landed at John F. Kennedy International Airport as the government unveiled new criminal charges against him related to an alleged Ponzi scheme.
- Thai PM calls snap election, protesters want power now |
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Storm pushes up U.S. East Coast after deep-freeze in the South
- Venezuela's Maduro to raise pressure on business after local vote