n">May 25 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
* Banks are looking to hold onto their influence over consumers, who are increasingly shunning checks and cash, turning instead to new nonbank technologies to spend their money. The new service from Bank of America Corp , Wells Fargo & Co and J.P. Morgan Chase & Co takes aim at the popular PayPal offering.
* American International Group Inc and the United States Treasury sold $8.7 billion in shares Tuesday in a landmark stock offering that eked out a small profit for taxpayers and began the government's exit from the insurer 2 and a half years after its record bailout.
* Federal prosecutors are investigating several former Avon Products Inc employees, raising the prospect of criminal charges in an ongoing probe into allegations the company bribed foreign officials, people familiar with the matter said.
* Three years after launching a probe to determine whether the 2008 oil-market frenzy was fueled by excessive speculation, the United States alleged that two traders and their firms operated an international plot to manipulate prices.
* State attorneys general told five of the nation's largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn't reached to address improper foreclosure practices, according to people familiar with the matter.
* Italian auto maker Fiat SpA is mulling a plan to quickly take a majority stake in Chrysler Group LLC by purchasing shares from the U.S. Treasury and a United Auto Workers health trust fund, people familiar with the matter said.
* Amazon.com Inc launched another version of its popular Kindle electronic reader that is cheaper, but that comes with on-screen ads.
* NASA designated a four-person space capsule built by Lockheed Martin Corp as its likely premier exploration vehicle to take future astronauts beyond earth orbit.
* Medtronic Inc's fiscal fourth-quarter earnings fell 19%, hit by restructuring costs linked to recent job cuts, while sales edged higher despite continued growth challenges in markets for implantable defibrillators and spinal devices.
* Barnes & Noble Inc , weighing an offer to be acquired by Liberty Media Corp , launched its latest salvo in the digital-book wars Tuesday with a new touch-screen version of its Nook e-reader.
* The head of Boeing Co said Tuesday that the keenly awaited replacement to its best-selling 737 aircraft family would be only "modestly bigger" than the existing jets if it opted to build an all-new plane this decade.
* Volkswagen AG will decide in the next 12 months whether it will build Audi luxury cars in the U.S. in addition to VWs it is churning out at a new factory here, the company's chief executive said on Tuesday.
* Google Inc and Citigroup Inc said they will each invest $55 million in an inland California wind farm they said will be the country's largest by the end of the year.
* Google Inc is expected to disclose details about how consumers will be able to make store purchases, redeem coupons, and get loyalty points by waving smartphones in front of a small reader at the checkout counter, said people familiar with the matter. (Compiled by Isheeta Sanghi; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)
n">May 25 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
* Banks are looking to hold onto their influence over consumers, who are increasingly shunning checks and cash, turning instead to new nonbank technologies to spend their money. The new service from Bank of America Corp , Wells Fargo & Co and J.P. Morgan Chase & Co takes aim at the popular PayPal offering.
* American International Group Inc and the United States Treasury sold $8.7 billion in shares Tuesday in a landmark stock offering that eked out a small profit for taxpayers and began the government's exit from the insurer 2 and a half years after its record bailout.
* Federal prosecutors are investigating several former Avon Products Inc employees, raising the prospect of criminal charges in an ongoing probe into allegations the company bribed foreign officials, people familiar with the matter said.
* Three years after launching a probe to determine whether the 2008 oil-market frenzy was fueled by excessive speculation, the United States alleged that two traders and their firms operated an international plot to manipulate prices.
* State attorneys general told five of the nation's largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn't reached to address improper foreclosure practices, according to people familiar with the matter.
* Italian auto maker Fiat SpA is mulling a plan to quickly take a majority stake in Chrysler Group LLC by purchasing shares from the U.S. Treasury and a United Auto Workers health trust fund, people familiar with the matter said.
* Amazon.com Inc launched another version of its popular Kindle electronic reader that is cheaper, but that comes with on-screen ads.
* NASA designated a four-person space capsule built by Lockheed Martin Corp as its likely premier exploration vehicle to take future astronauts beyond earth orbit.
* Medtronic Inc's fiscal fourth-quarter earnings fell 19%, hit by restructuring costs linked to recent job cuts, while sales edged higher despite continued growth challenges in markets for implantable defibrillators and spinal devices.
* Barnes & Noble Inc , weighing an offer to be acquired by Liberty Media Corp , launched its latest salvo in the digital-book wars Tuesday with a new touch-screen version of its Nook e-reader.
* The head of Boeing Co said Tuesday that the keenly awaited replacement to its best-selling 737 aircraft family would be only "modestly bigger" than the existing jets if it opted to build an all-new plane this decade.
* Volkswagen AG will decide in the next 12 months whether it will build Audi luxury cars in the U.S. in addition to VWs it is churning out at a new factory here, the company's chief executive said on Tuesday.
* Google Inc and Citigroup Inc said they will each invest $55 million in an inland California wind farm they said will be the country's largest by the end of the year.
* Google Inc is expected to disclose details about how consumers will be able to make store purchases, redeem coupons, and get loyalty points by waving smartphones in front of a small reader at the checkout counter, said people familiar with the matter. (Compiled by Isheeta Sanghi; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)
n">May 25 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
* Banks are looking to hold onto their influence over consumers, who are increasingly shunning checks and cash, turning instead to new nonbank technologies to spend their money. The new service from Bank of America Corp , Wells Fargo & Co and J.P. Morgan Chase & Co takes aim at the popular PayPal offering.
* American International Group Inc and the United States Treasury sold $8.7 billion in shares Tuesday in a landmark stock offering that eked out a small profit for taxpayers and began the government's exit from the insurer 2 and a half years after its record bailout.
* Federal prosecutors are investigating several former Avon Products Inc employees, raising the prospect of criminal charges in an ongoing probe into allegations the company bribed foreign officials, people familiar with the matter said.
* Three years after launching a probe to determine whether the 2008 oil-market frenzy was fueled by excessive speculation, the United States alleged that two traders and their firms operated an international plot to manipulate prices.
* State attorneys general told five of the nation's largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn't reached to address improper foreclosure practices, according to people familiar with the matter.
* Italian auto maker Fiat SpA is mulling a plan to quickly take a majority stake in Chrysler Group LLC by purchasing shares from the U.S. Treasury and a United Auto Workers health trust fund, people familiar with the matter said.
* Amazon.com Inc launched another version of its popular Kindle electronic reader that is cheaper, but that comes with on-screen ads.
* NASA designated a four-person space capsule built by Lockheed Martin Corp as its likely premier exploration vehicle to take future astronauts beyond earth orbit.
* Medtronic Inc's fiscal fourth-quarter earnings fell 19%, hit by restructuring costs linked to recent job cuts, while sales edged higher despite continued growth challenges in markets for implantable defibrillators and spinal devices.
* Barnes & Noble Inc , weighing an offer to be acquired by Liberty Media Corp , launched its latest salvo in the digital-book wars Tuesday with a new touch-screen version of its Nook e-reader.
* The head of Boeing Co said Tuesday that the keenly awaited replacement to its best-selling 737 aircraft family would be only "modestly bigger" than the existing jets if it opted to build an all-new plane this decade.
* Volkswagen AG will decide in the next 12 months whether it will build Audi luxury cars in the U.S. in addition to VWs it is churning out at a new factory here, the company's chief executive said on Tuesday.
* Google Inc and Citigroup Inc said they will each invest $55 million in an inland California wind farm they said will be the country's largest by the end of the year.
* Google Inc is expected to disclose details about how consumers will be able to make store purchases, redeem coupons, and get loyalty points by waving smartphones in front of a small reader at the checkout counter, said people familiar with the matter. (Compiled by Isheeta Sanghi; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)
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