Bloomberg:
- Saks Inc.(SKS) and Federated Department Stores Inc.(FD) are betting dresses are coming back.
- Walt Disney Co.(DIS) in June will start selling wireless phone service that gives parents control over children’s usage.
- Congress is likely to approve measures this year to tighten security at US ports, including requiring the installation of radiation and nuclear detectors.
- Ten-year Treasuries advanced after a Federal Reserve official suggested US interest-rate increases are nearing an end.
- US mortgage applications posted their strongest gain last week in more than two months, as both home purchases and refinancing rose.
- Apple Computer(AAPL) introduced software that will let its newest computers run Microsoft’s(MSFT) Windows XP Programs.
Wall Street Journal:
- A Montana geologist who bought up oil field leases when others predicted wells would go dry has sparked an energy production revival in the state.
- Fidelity Investments, already a household name among mutual-fund managers, is pushing into pension funds and endowments to boost its earnings.
- Pay By Touch, Microbia Inc. and other startup technology companies are increasingly turning to hedge funds as investors, rather than private-equity or venture-capital firms.
- Tribune Co.(TRB) and other US publishers face a growing threat from free dailies.
- General Electric’s(GE) NBC Universal and Publicis Groupe SA’s Starcom media-buying unit are testing whether television viewers pay more attention to ads aired during shorter commercial breaks.
NY Times:
- Many American families are trying to have dinner together, a ritual which has declined for decades, citing a survey.
- Toll Brothers(TOL), the largest US builder of luxury homes, is entering the real-estate market in NYC with five projects under development.
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