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leads them to believe there aremore bombs in the Boston area,or other would-be plotters.
The video and photos pro-vided by federal prosecutorsshowed the two brothers carry-ing backpacks as they walk ontoBoylston Street, the scene of the
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Justice Department spokes-man Dean Boyd said the govern-ment “will always seek to elicitall the actionable intelligenceand information we can fromterrorist suspects taken into ourcustody.”
Authorities said Monday thatnothing they have learned so far
Dzhokhar Tsarnaev coollydropped off a homemade bombin the crowd at the Boston Mar-athon and then walked awayamid the confusion as anotherexplosive set by his brother det-onated nearby, federal authori-ties alleged Monday in chargingthe teen with a terrorist act thatcould carry the death penalty.
In a criminal complaint un-sealed in Boston federal court,prosecutors alleged that Mr.Tsarnaev, a 19-year-old collegesophomore, detonated a weaponof mass destruction—a home-made bomb—in an attack thatkilled three and injured morethan 200 on April 15. The com-plaint offered new details on theyoung man’s alleged actions dur-ing the bombing, as well as thechaotic chase days later thatended in a shootout and thedeath of his 26-year-old olderbrother, Tamerlan.
The younger brother has beencommunicating with Federal Bu-reau of Investigation interroga-tors, according to a law-enforce-ment official, although the valueof his written answers to ques-tions wasn’t immediately clear.Mr. Tsarnaev can’t speak due toa gunshot wound to his throatwhich may have been self-in-flicted, officials said.
Mr. Tsarnaev’s brief legal pro-ceeding was held Monday with afederal judge at the hospital be-cause the suspect’s injuries areso severe. He had also sufferedgunshot wounds to the head,legs and hand when capturedFriday night, according to an af-fidavit from FBI special agentDaniel Genck.
CONTENTSCorporate News B2-4,7CFO Journal................. B6Global Finance............ C3Health & Wellness D1-4Heard on Street..... C10In the Markets........... C4
Leisure & Arts............ D5Opinion.................. A21-23Sports.............................. D6Stock Listings............ C8U.S. News................. A2-7Weather Watch........ B8World News... A8, 17-19
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Vital Signs
The nation’s housinginventory is tight. About1.9 million existing homeswere available for purchasein March, near a 12-yearlow. The lean supply isthwarting interested buyersand pushing prices higher.Home sales fell 0.6% inMarch to a seasonally ad-justed annual pace of 4.92million. The median saleprice rose 11.8% from a yearearlier to $184,300, the fast-est pace since 2005. A2
Source: National Associationof Realtors
'09 '10 '11 '12’08’07
Existing homes for sale,year-over-year change ininventory
–30
–20
–10
0
10
20%
>
Bowing to regulators’concerns about the size
of executive pay and its rolein risk-taking, seven big fi-nancial firms are scaling backthemaximumbonuses awardedto executives who beat theirperformance targets. A1n Netflix posted a strong in-crease in streaming-video sub-scribers for the first quarter,sending its shares soaring24% in after-hours trading. B1n Stocks edged higher withhelp from the energy, mate-rials and technology sectors.The Dow industrials rose19.66 points to 14567.17. C4n The SEC named AndrewCeresney to be co-head ofenforcement, joining theunit’s acting chief, GeorgeCanellos, in sharing the job. C3n The parent of the CBOE isconsidering whether to sepa-rate out its regulatory divisionamid a federal probe over po-tential conflicts of interest. C1n S&P is mounting an un-usual defense in the civil-fraud lawsuit brought by theJustice Department againstthe credit-rating firm. C1n A top EU official said aus-terity has “reached its limits”in Europe, hinting at moreleniency for countries tomeet their deficit targets. A18n A preliminary gauge ofmanufacturing activity inChina fell in April, adding toconcerns about the world’ssecond-largest economy. A18n Airlines were hit withflight delays a day after theFAA started to furlough someair-traffic controllers becauseof the budget sequester. B3nRalph Lauren will pay $1.6million to resolve U.S. crimi-nal and civil probes over al-leged bribes paid by theman-ager of its Argentine unit. B1nWal-Mart plans to basesome executive compensationthis year on whether the re-tailer successfully overhaulsits compliance operations. B8n A top House Republicanwon’t allow the CFPB’s chiefto testify before his committee,saying Cordray doesn’t legit-imately head the agency. C3nCaterpillar’s chief defendedits mining-equipment strat-egy even as it lowered salesand profit forecasts due tosoftness in the business. B8nGlaxoSmithKline will part-ner with venture capitalistsin an unusual deal worth upto $495 million to start sev-eral drug-discovery firms. B4
n Canada charged two menfor planning a terror attack.The Royal Canadian MountedPolice said the men con-spired to carry out an attackto derail a passenger train inToronto. The police addedthe pair—who aren’t Cana-dian citizens—received“guidance” from al Qaeda-re-lated elements in Iran. A8Investigators believe thatthe train to be targetedwas either bound for orleaving from New York.n Dzhokhar Tsarnaev wascharged with an act of terror-ism that could carry the deathpenalty, as prosecutors allegedthe Boston bombing suspectdetonated a weapon of massdestruction. A1, A6, A7n The Senate voted to moveahead with a bill that wouldeffectively end tax-free on-line shopping, overcominglast-minute lobbying. A4n Obama’s budget proposalwould lead to significant taxincreases on upper-incomeAmericans and moderate riseson some with less income, athink tank’s study shows. A4n Cyberattacks could be “asserious as a nuclear bomb,”said a Chinese general who re-jected suggestions that China’smilitary is behind cyberspyingonWestern companies. A17n The TSA postponed itsplan to allow passengers tocarry small knives onto planesfollowing a public backlash. A3n Parents in Mexico aresetting up their own classesas teachers protest an edu-cation-system revamp. A8nWeekend visits to a warshrine by Japanese officialsset off angry reactions bySouth Korea and China. A17n The Supreme Court re-jected a challenge to a lawthat requires graphic warn-ing labels on cigarettes. A5n New York City is planningto raise the legal age to buycigarettes to 21 from 18.n Italian President GiorgioNapolitano was sworn in for asecond term and immediatelylambasted lawmakers. A18n Serbia and Kosovo movedtoward joining the EU, daysafter reaching an agreementto normalize relations. A18n The president of Ger-many’s Bayern Munich soccerclub is under investigation forsuspected tax evasion. A18n Died: Richie Havens, 72,folk musician famed for hisperformance at Woodstock.
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By Devlin Barrett,Pervaiz Shallwaniand Evan Perez
Fresh Bomb Details RevealedProsecutors Describe Suspect’s ‘Calm’ Behavior; Charges Could Carry Death Penalty
U.S. banks are bowing to regu-lators’ concerns about the size ofexecutive pay and its role in fi-nancial industry risk-taking.
Seven large U.S. financial-services firms, including PNC Fi-nancial Services Group, CapitalOne Financial Corp., and Dis-cover Financial Services Inc.,said they are scaling back themaximum bonuses awarded toexecutives who beat their per-formance targets, according toregulatory filings.
Late last year, the Federal Re-serve began contacting banksabout their compensation plans,said a person familiar with thephone calls. In regulatory filings,many of the firms cited the Fedas a reason for changes.
Since the financial crisis theFed has urged banks to cap bo-nuses in cases where they couldencourage executives to take toomuch risk. Before the crisis,banks erred by focusing toomuch on short-term profits andtoo little on risk when designingbonus plans for employees andexecutives, according to the Fed.
While the moves involve bo-nuses for exceeding internal fi-nancial targets and not basic paypackages, they are the latest hitto Wall Street compensation,which has shriveled in recentyears because of smaller bonusesand poor stock performance. Astudy earlier this year by New
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BY AARON LUCCHETTIAND JULIE STEINBERG
RegulatorsGet BanksTo Rein InBonus Pay
Source: Washington Times/CPAC Straw Pollconducted March 14-16 of 2,930 conferenceregistrants
The Wall Street Journal
CPAC SnapshotSen. Rand Paul led amongpotential 2016 GOP presidentialcontenders in a March strawpoll of conservatives.
Top five responses
Ky. Senator Rand Paul
Fla. Senator Marco Rubio
Former Pa. Senator Rick Santorum
N.J. Governor Chris Christie
Wis. Congressman Paul Ryan
25%
23%
8%
7%
6%
Sen. Rand Paul’s big momentlasted nearly 13 hours.
To many, that’s how long ittook the Republican lawmaker to
transform fromfringe politician toovernight sensa-tion, in an old-fash-ioned Senate floorfilibuster to seekWhite House safe-guards against us-ing drones to killAmericans.
Billed as a spon-taneous gesture, the filibusterwas in fact the most successful ofseveral planned actions that be-gan when the eye doctor-turned-
senator decided in December toweigh a run for president.
In short order, Sen. Paul, ofKentucky, won a first-place finishin a straw poll at the Conserva-tive Political Action Conference,beating Florida Sen. Marco Rubioand New Jersey Gov. Chris Chris-tie in a field of potential 2016contenders; his new super PACwelcomed a flood of new donors;and he was invited to prestigiousspeaking engagements in key pri-mary states.
Although Sen. Paul says hehasn’t made a decision to run, heisn’t coy about his ambitions tobe a national force. “My new no-toriety allows me to talk aboutways to make the Republican
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BY MONICA LANGLEY
Rand Paul Tries to TransformAMoment Into a Movement
Sit Up Straight, and Other Advice From Big Motheri i i
Gadgets RemindYou to Exercise, ChewYour Food; Nagging or Nudging?
Reto Stamm hasn’t livedwith his parents for 12 years.Last fall, he got a digitalstand-in.
When the webcam on Mr.Stamm’s Mac computer caughthim slouching, software calledPostureTrack made an audiblebuzz. When he spent too muchtime on the couch, a thumb-size gadget tracking his physi-cal activity flashed “ucandoit.”When he failed too often atthese goals, or others like go-ing to bed on time and floss-
ing, a life-cataloging websitecalled Beeminder fined him$5 or more.
“It’s like hard advice froma friend,” says Mr. Stamm, a37-year-old software devel-oper from Half Moon Bay,Calif. The digital nudges, hesays, “kind of run your life.”
As inventors insert theInternet into ever morethings, they are making abusiness out of what yourmother used to needle youabout. Some call it “BigMother” tech—like GeorgeOrwell’s all-knowing BigBrother, but with your best
interests at heart.There’s a smart-utensil called
the HAPIfork that measures howfast you eat, prodding you to slowdown and chew. In a few weeks, astartup called Automatic will rollout a device that plugs into acar’s onboard computer andchirps with what its maker calls“subtle audio cues” when a driverspeeds, slams on the brakes ordoes other things behind thewheel that mother wouldn’t like.
Raymond Lancione got atoothbrush in December that pes-ters him about his dental hygiene.His $50 Beam toothbrush wire-
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BY GEOFFREY A. FOWLERAND SHIRA OVIDE
SAYING GOODBYE: Mourners left the funeral of Krystle Campbell, one of the victims of the Boston Marathonbombings, a week after the terrorist attack. Moments of silence were observed around the country.
Inside Suspect’s possible link to
militants investigated....... A6 Capital Journal: A test of
the melting pot ................... A7 Acquaintances recall normal
college student.................... A7
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