2 Min Read
June 11 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
* The leaks by Edward Snowden reveal a vulnerability in U.S. intelligence since 9/11, triggered by a surge of information collected on people around the world and the proliferation of private government contractors to store it.
* U.S. regulators are stepping up scrutiny of overdraft fees charged by banks, a big revenue stream that is helping the industry lessen the hit caused by low interest rates and the sluggish economy. ()
* SoftBank said it had agreed with Sprint Nextel to raise its offer for the U.S. wireless carrier by $1.5 billion to $21.6 billion from $20.1 billion.
* S&P raised its outlook on the United States' credit rating but markets ignored the surprise endorsement, the latest sign of ratings firms' waning influence in some arenas.
* Yoga-wear maker Lululemon Athletica said Chief Executive Christine Day is stepping down after a 5 1/2-year tenure. ()
* An SEC judge ruled that a former Maryland banker perpetrated a short-selling fraud aided by one of the biggest stock-options brokers in the United States.
* The Bank of Japan refrained from taking any new measures to stimulate growth and ease market volatility, citing signs of economic recovery, but disappointing investors.
* Apple sought to recapture its authority as a tastemaker, unveiling the biggest redesign in iPhone software since the smartphone was introduced in 2007 and stressing that the company hasn't lost its cool.