May 9 The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
* The nation's biggest banks are going on the offensive to
fend off growing efforts in Washington to rein them in. ()
* Across the U.S., earnings season came and went with few
signs that companies are taking advantage of the SEC's green
light to tweet or post market moving information. ()
* Enron's former president and CEO Jeffrey Skilling and the
Justice Department have reached an agreement that would cut his
federal prison sentence to as little as 14 years from 24 years.
* In-flight Internet speeds could rival those on the ground
under a proposal expected to move forward on Thursday. U.S.
airlines have been rolling out internet service on flights for
several years. But the service, which typically uses Earth-based
antennas, is often too slow for today's data-guzzling Web apps.
* Samsung's Galaxy S4 smartphone takes advantage
of the South Korean electronics company's chip and display
manufacturing prowess to get its materials costs close to
Apple's iPhone 5. ()