Bloomberg:
- InfoSpace Inc.(INSP) CEO Jim Voelker said he expects growth in ring tone sales as more mobile-phone users buy new handsets and become interested in a broader range of music.
- Microsoft Corp.(MSFT) said it would add 15 games by summer to the 25 currently available for its Xbox 360 in Japan as it exploits the delayed debut of Sony’s(SNE) PlayStation 3 console.
- Cisco Systems(CSCO) CEO Chambers is taking aim at Internet-based television services.
- Oracle Corp.(ORCL) is starting to see the payoff from $18 billion in acquisitions because offering a wider variety of software is helping the company win customers, President Charles Phillips said.
- Retailers posted the worst sales gains of the year in March as cold weather, higher gas prices and a late Easter limited spending.
- Former NYC Mayor Rudolph Giuliani testified at Zacarias Moussaoui’s sentencing trial that he remembers every day the sight of two people jumping hand-in-hand form the World Trade Center after the Sept. 11 attacks.
- US Treasuries are falling on concern the Fed will keep raising interest rates amid robust employment growth and an increase in commodity prices.
Wall Street Journal:
- Venezuelan President Hugo Chavez probably isn’t headed towards outright nationalization of the oil industry.
- US regulators are close to the final stages of a crackdown on brokerages that allegedly collect improper payments to promote favored mutual funds.
- Shares of Celgene Corp.(CELG) have risen 200% in two years and may have trouble rising much higher.
- US office vacancy rates have fallen to the lowest in five years as improved demand boosts rents.
- Federated Dept. Stores(FD) will probably say today its Macy’s division will start an exclusive line of Martha Stewart-branded(MSO) home furnishings.
- Apple Computer(AAPL) personal computers that use software to enable them to run Microsoft’s(MSFT) Windows operating system function well and operate much faster, Walter Mossberg said.
USA Today:
- The number of teens in the US using drugs declined, with the Midwest and South showing the biggest decreases, citing a national survey on drug and alcohol use that’s to be released today.
NY Post:
- NYC’s pension funds sued Take-Two Interactive Software(TTWO) after the funds lost $3.2 million amid backlash against hidden pornographic images in the company’s “Grand Theft Auto: San Andreas” video game.
NY Times:
- Sales from Canadian online pharmacies to US consumers, considered by some a cheaper option than buying drugs within the country, have declined in the past year due in part to a new Medicare insurance plan.
- A US voucher program that promotes school choice by allowing children to opt for charter and private schools is winning the support of minority parents.
- The number of NYC residents collecting welfare benefits fell to 402,281 last month, the lowest number in more than 40 years, and down about 67% from the 1995 peak.
- US Senators Tom Harkin and Lisa Murkowski are among those in Congress who are expected to introduce legislation to ban the sale of fatty and sugary foods in schools.
CNBC:
- Citigroup(C) CEO Prince may consider buying Washington Mutual(WM) as part of his plan to add retail-banking operations in the western US.
- Motorola(MOT) is “close” to releasing its new Q handset, CEO Zander said.
San Jose Mercury News:
- California state senators will debate a proposal that would require schools to teach students about the contributions that lesbians and gays have made to society throughout history.
Business Week:
- Apple Computer(AAPL) incorporated a firm called Braeburn Capital in Nevada to handle investments.
Handelsblatt:
- ThyssenKrupp AG may build a new steel plant in the US to expand in North America after it failed to take over Canadian steelmaker Dofasco Inc.
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