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Friday May 13, 2011
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BUSINESS & FINANCE

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    Electronic thieves stole from bank accounts of customers of Michaels Stores in 20 states, by tampering with the retailer's debit-card processing equipment at about 80 stores.

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    Federal prosecutors are seeking about $1 billion to resolve a long investigation into Johnson & Johnson's marketing of antipsychotic drug Risperdal.

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    Google is near to settling a U.S. criminal probe into whether it made hundreds of millions of dollars by accepting ads from online pharmacies that break U.S. laws.

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    The Dow Jones Industrial Average gained 65.89 points to 12695.92, reversing sharp morning losses, as commodities rebounded and defensive stocks strengthened.

WORLD-WIDE

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    Damage at Japan's nuclear plant is worse than thought. Tokyo Electric said a reactor at its Fukushima Daiichi complex likely suffered a severe meltdown of its core after the March earthquake. Vessels that surround the core may be damaged, leaking water that is supposed to keep the core cool. Separately, Tokyo reached a deal to rescue Tepco and fund compensation claims that could exceed $30 billion.

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    Regulators found flaws in emergency gear at some U.S. reactors, but overall gave them a clean bill of health.

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    Republicans in the House are expressing doubt about the need to raise the federal debt ceiling by the Treasury's deadline date of Aug. 2.

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    Researchers said treating HIV patients with AIDS drugs makes them much less infectious, a result that could help stem the global pandemic.

U.S. NEWS

WORLD NEWS

FOOTNOTES

This index is compiled from the late edition of The Wall Street Journal distributed to East Coast readers. Images of section fronts are available after 5 a.m. ET on the day of publication.

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