The Wall Street Journal

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Sony Board to Discuss Third Point Plan

Daisuke Wakabayashi and Yoshio Takahashi, Reporters, The Wall Street Journal in News on May 22 at 5:30 am PT

Under pressure from an activist investor to take part of its entertainment business public, Sony said it plans to discuss the proposal with its board.

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Best Buy Posts Loss on Lower Revenue

Drew FitzGerald, Reporter, The Wall Street Journal in Commerce on May 21 at 11:50 am PT

Best Buy Co. ramped up cost-cutting during its fiscal first quarter as its retail revenue continued to slide. Online sales improved, however.

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Vodafone to Spend Verizon Dividend on Business

Lilly Vitorovich, Reporter, The Wall Street Journal in Mobile on May 21 at 8:00 am PT

Vodafone Group said Tuesday it will keep the $3.15 billion dividend payment it will receive from Verizon Wireless and plow it into its flagging operations in Europe, which weighed heavily on the mobile giant’s full-year profit.

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Fab Raising at Least $250 Million

Spencer E. Ante, Reporter, The Wall Street Journal in Commerce on May 20 at 4:53 pm PT

Online design retailer Fab Inc. is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the fast-growing but unprofitable company at $1 billion not including the new capital, people familiar with the matter said.

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Vista Equity Partners to Buy Websense

Sharon Terlep and Dana Cimilluca, Reporter, The Wall Street Journal in News on May 20 at 11:41 am PT

Buyout firm Vista Equity Partners agreed to pay about $1 billion to acquire Websense Inc., a maker of software and services designed to help protect companies against cyber attacks and data theft.

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Wanted: Apps for Galaxy Smartphones

Min-Jeong Lee, Reporter, The Wall Street Journal in Mobile on May 20 at 8:15 am PT

As part of its efforts to strengthen its software capabilities Samsung Electronics Co. said Monday it will be hosting a global competition to lure developers to create apps for its Galaxy smartphones.

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Day Traders Steer Tesla Higher

Steven Russolillo and Jonathan Cheng, Reporters, The Wall Street Journal in News on May 17 at 8:24 am PT

For weeks, Anne-Marie Baiynd kept a close eye on shares of Tesla Motors Inc. On May 9, a day after the company posted its first-ever quarterly profit, the stock exploded higher in heavy trading. Ms. Baiynd, a full-time short-term trader since 2006, pounced.

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Social Media Pose New Riddle for CIA

Anton Troianovski and Siobhan Gorman, Reporters, The Wall Street Journal in Social on May 17 at 5:00 am PT

Effective spycraft has long called for cover — a job, family or routine that would keep a government agent from drawing undue attention. Now, that calculation extends to spies’ use of social media.

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Laurene Powell Jobs Goes Public to Promote Dream Act

Jessica E. Lessin and Miriam Jordan, Reporters, The Wall Street Journal in News on May 17 at 3:41 am PT

Laurene Powell Jobs has taken on a public role, backing one of the most contentious causes in the U.S. today: immigration reform. And she is doing it using some of the tactics that her late husband, Apple Inc. co-founder Steve Jobs, employed to great effect at the technology giant.

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Pace Picks Up on Tech IPOs

Jessica E. Lessin, Pui-Wing Tam and Telis Demos, Reporters, The Wall Street Journal in News on May 16 at 11:00 pm PT

A year after Facebook Inc.’s botched initial public offering, Silicon Valley’s IPO pipeline is starting to fill up again.