WALL STREET JOURNAL - Latest News - FCC License Auction Draws Big Bids

WALL STREET JOURNAL - Latest News - FCC License Auction Draws Big Bids

The FCC wrapped up an auction of radio-spectrum licenses for wireless service. T-Mobile was top bidder, offering almost $4.2 billion.

Court Rules Against ImClone
Three Israeli scientists won ownership of the patent to cancer drug Erbitux, in a blow to ImClone and partner Bristol-Myers.

Toshiba to Recall Batteries Made by Sony
Toshiba is recalling 340,000 batteries made by Sony for its laptops because of problems in recharging them, the latest in a series of embarrassing battery problems for Sony.

Smithfield Foods to Buy Premium Standard
Smithfield Foods agreed to acquire Premium Standard, the second-biggest U.S. hog farmer, for $652 million in stock and cash.

Current Account Trade Deficit Rises
The U.S. current-account deficit widened to $218.41 billion in the second quarter, due in large part to soaring global oil prices.

Home Depot's Hill Defends CEO Pay
A Home Depot official defended its CEO's pay and performance, but said that the retailer's compensation policy will be reviewed.

Get the Most Pay Out of Your Job
Want a bigger paycheck? It may not be as hard as you think. A lot of people assume that more pay can come only from winning a promotion, or finding a new job elsewhere. But there are ways -- large and small -- to put more money in your pocket each week.