April 4 The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
* Thirty U.S. state attorneys general are investigating
alleged interest-rate rigging by banks that set Libor, and the
probe isn't slowing despite a U.S. judge's ruling last week in
favor of the banks in private lawsuits. ()
* A U.S. federal watchdog is faulting bank regulators for a
flawed review of foreclosure documents, for not ensuring banks
were using consistent methods to determine which foreclosure
files to scrutinize for possible errors. ()
* Ex-Goldman Sachs Group Inc trader Matthew Taylor
pleaded guilty to a single count of wire fraud for concealing
trades which cost Goldman $118.4 million to unwind. He told a
U.S. federal judge he made the big bets to boost his reputation
and bonus at the bank. ()
* Under pressure from investors, six of the biggest U.S.
drugmakers, including Eli Lilly & Co and Bristol-Myers
Squibb Co, are revising their compensation policies to
make it easier to recover payouts to an executive who violates
ethics rules or otherwise behaves inappropriately. ()
* Walt Disney Co is shutting down LucasArts, the
once-pioneering videogame unit of George Lucas's "Star Wars"
empire. Nearly all of the unit's roughly 200 employees were laid
off, according to a person close to the San Francisco company.
* Lululemon Athletica Inc said Wednesday that its
top product executive will leave the company, just weeks after
the apparel maker pulled some of its yoga pants from store
shelves for being too see-through. ()
* An investor group led by professional baseball team St.
Louis Cardinals is in advanced talks to acquire the Memphis
Redbirds from a nonprofit group that controls the minor league
baseball team. ()