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* * * * * * MONDAY, MAY 12, 2014 ~ VOL. CCLXIII NO. 110 WSJ.com HHHH $2 .00

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CONTENTSAbreast of the Market C1Corporate News.... B2,3Global Finance............ C3Heard on the Street C6Law Journal................ B8Markets Dashboard C4

Media.......................... B4-6Moving the Market C2Opinion.................. A13-15Sports............................ B10U.S. News................. A2-7Weather Watch........ B9World News......... A8-12

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What’sNews

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World-Widen Pro-Russian separatists ineastern Ukraine declared vic-tory in a secession referendumthat Kiev called illegal and rid-dled with irregularities. A1n Virginia health insurersproposed higher premiumsfor 2015 but not as much assome predicted, in the firstlook at next year’s prices. A3n Saudi Arabia alleged thatSaudis recruited by radical Is-lamists in Syria plotted to killreligious figures and securityofficials in the kingdom. A11n The Afghan front-runnerin April’s presidential votewon the endorsement of thethird-place candidate. A11n Lithuania’s president helda sizable lead in Sunday’s votebut was short of the 50%needed to avoid a runoff. A10n A Chinese tycoon, on trialfor corruption, said he oweda chunk of his fortune to dealmaking with officials. A8nVietnam’s premier accusedChina of sparking amaritimestandoff but failed to win sup-port of fellow Asean leaders.A8nVillagers in eastern Chinaclashed with police in protestsagainst construction of awaste incinerator. A8nA Syrian opposition leaderis seeking shoulder-fired anti-aircraft weapons from the U.S.for a select group of rebels. A10nFighting broke out in SouthSudan less than 48 hours afterthe president and a rebel leaderagreed to a cease-fire.A10n South Africa’s ANC facesinternal jockeying for powerafter it easily won the county’sfifth democratic vote. A11

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The FCC chairman is revis-ing his broadband pro-

posal to say that segregatingWeb traffic into fast and slowlanes won’t be allowed. B1n Nasdaq hired Carlyle CFOAdena Friedman as co-presi-dent, making her the mostlikely candidate to becomethe exchange’s next CEO. C1n AIG’s board has narrowedthe field of candidates totwo executives, Peter Han-cock and Jay Wintrob, to bethe insurer’s next chief. C1n A federal appeals courtheld that elements of Oracle’sJava technology are entitledto copyright protection. B2n J.P. Morgan Chase is re-viewing its correspondent-bank relationships amidgreater regulatory scrutiny. C3.n Samsung plans to releasea smartphone in Russia andIndia based on the company’sown operating system. B3n Samsung’s chairman wasin stable condition after suf-fering a heart attack. B3n Some big Japanese firms,including Fujitsu and Pana-sonic, are proposing ambi-tious investment plans. B3n Britain’s Co-op Bank raised$678.8 million, diluting its ex-parent’s stake and givinghedge funds more power. C6nNPR named E! Entertain-ment’s founder as CEO, be-coming the fifth head of theradio network in five years. B6n Universal’s “Neighbors”took the top spot at the boxoffice, grossing $51.1 millionin its debut weekend. B6

Business&Finance

TODAY IN JOURNAL REPORT

When Employees TweetMONEY & INVESTING Tech Stocks Face a New Tumble

The near-collision between adrone and a commercial jet overFlorida has added urgency to ef-forts by regulators to imposenew rules on the proliferation ofunmanned aircraft.

Across the U.S., drones moni-tor crops, snap real-estate pho-tographs, inspect roofs, shootcommercials and perform othertasks, according to people in theunmanned aircraft industry.

Pilots of those drones are de-fying seven-year-old restrictionson commercial unmanned air-craft by the Federal AviationAdministration, which has saidthe curbs are needed for publicsafety. But limited resourcesand legal complications have ledto scattershot enforcement bythe agency, emboldening evenmore drone operators.

The risks caused by the in-crease in unmanned flights wereunderscored by the agency’srevelation last week that a pilotof an American Airlines GroupInc. regional jet told officials inMarch that he nearly hit a droneabout 2,300 feet above theground while approaching a Tal-lahassee, Fla., airport.

The drone’s flying altitudewas unusually high, since theFAA requires small types of un-manned aircraft to remain be-low 400 feet. Based on the de-scription, the drone appeared tobe a small model aircraft, but asenior FAA official warned thatthe drone could have done seri-ous damage, such as if it were

Pleaseturntothenextpage

BY JACK NICAS AND ANDY PASZTOR

FAA,DronesCollideOn Rules

Pro-Russian separatists ineastern Ukraine declared victoryin a secession referendum Sun-day, ratcheting up tensions be-tween the West and Moscow,which by recognizing the resultscould push the country toward abreakup.

Ukraine called the vote illegaland riddled with irregularities,and part of a wider campaign byMoscow to punish Kiev for pur-suing closer relations with Eu-rope.

But Sunday’s vote saw longlines at some polling places andwas immediately hailed as a tri-umph by separatist leaders andRussian state media. Kiev’sfledgling government is scram-bling to mount presidential elec-

tions May 25, which it hopes willshore up its legitimacy, andfaces growing hurdles after los-ing control of provinces in theeast to pro-Russian rebels. Localpolice in the region are of dubi-ous loyalty, and army units havestalled in their offensive againstrebel strongholds.

With its options to keep thecountry together narrowing, theUkrainian government is underincreasing pressure from Mos-cow to create a new federal state

structure that would give re-gions control over economic,foreign and cultural policy. Thatwould likely cripple Ukraine’s at-tempts to integrate with the Eu-ropean Union.

The long waits to cast ballotsat some voting stations Sundaysuggested that weeks of instabil-ity and violence in the region

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By James Marson inDonetsk, Ukraine,Philip Shishkin inMariupol and AlanCullison in Kiev

Vote in Ukraine EmboldensSeparatists,RoilsGovernment

CLEVELAND—On a rainy morning in April,Anna Proctor entered a Wal-Mart Supercenternear some of this city’s poorest areas to get $300for urgent car repairs—money she didn’t have.

Inside, she joined a line at a Woodforest Na-tional Bank branch and intentionally overdrew heraccount. When her paycheck was deposited 12days later, she said, the bank would take the bor-rowed sum plus a $30 fee.

“It’s cheaper than a payday loan,” said Ms.Proctor, a 35-year-old customer-service worker. Ifher overdraft and fee were calculated as a loan,the annual percentage-rate interest, or APR, wouldbe over 300%. She said she overdraws “all thetime.”

Wal-Mart Stores Inc. is known as a low-cost re-tailer, but customers of some of the independentbanks inside its outlets are among America’s high-est payers of bank fees—a large chunk of whichcome from overdraft charges.

A Wall Street Journal analysis of federal filingsfound that the five banks with the most Wal-Martbranches, including Woodforest, ranked among thetop 10 U.S. banks in fee income as a percentage ofdeposits in 2013. Other banks among the top 10serve the U.S. military, as the Journal reported ina January page-one article.

Most U.S. banks earn the bulk of incomethrough lending. Among the 6,766 banks in theJournal’s examination, just 15 had fee incomehigher than loan income—including the five top

PleaseturntopageA12

BY MARK MAREMONT AND TOM MCGINTY

NEGATIVE BALANCE

Inside Wal-Marts, BanksDo Brisk Business in Fees

ABUJA, Nigeria—The day af-ter 276 Nigerian schoolgirlswere kidnapped, and a car bombkilled more than 70 people in thecountry’s capital last month, Ni-gerian President Goodluck Jona-than was seen dancing at a polit-ical rally in the northern city ofKano.

He didn’t specifically mentionthe girls’ abduction in public un-til some two weeks later.

By then, the schoolgirls’ dis-appearance spawned a viralhashtag—#BringBackOurGirls—and made Mr. Jonathan a targetof scorn both inside and outsidehis country.

The feeble response from Ni-geria’s commander in chief soonturned into a full-blown securitycrisis for Africa’s top economy.

“He’s totally out of his depth,”said John Campbell, a formerU.S. ambassador to Nigeria andnow a senior fellow at the Coun-cil on Foreign Relations. “Lookat how feckless he is.”

Mr. Jonathan, president since2010, has been saying for yearsthat his government is on theverge of defeating the BokoHaram Islamist militancy.

Now, after the schoolgirl ab-duction and more attacks as Mr.Jonathan prepared to host busi-ness leaders and heads of statein his capital during last week’sWorld Economic Forum in Abuja,insurgents once again appear tohave the upper hand.

Some Nigerian officials faultthe central government for notadequately supporting the fightagainst insurgents, saying sol-diers don’t have the weaponsand resources to fight BokoHaram, a point the military con-

PleaseturntopageA11

By Heidi Vogt,Drew Hinshaw

and Gabriella Stern

PressureRises onNigerianPresident

Crowds line up Sunday to receive ballots from a local election commission in Donetsk, Ukraine, as part of a referendum on self-rule.

Marko

Djuric

a/Re

uters

LOS ANGELES—On a soundstage in Studio City, Calif., RogerLundblade whipped a 200-strongstudio audience into a chantingfrenzy, swaying his heavyset hipsas Bon Jovi’s“Livin’ On aPrayer” blared onthe loudspeakers.Setting his sightson one of themore enthusiasticguests dancing inthe bleachers, heleaned into hismic and asked:“Is that the firsttime you’ve donethat with yourclothes on?”

Then a bell rang, cuing the ac-tors into place for their scene.Mr. Lundblade cut the music andgestured to the crowd to returnto their seats as the lightsdimmed. With the cameras start-

ing to roll, he whispered: “Let’sdo some laughing, folks.”

Mr. Lundblade is in the seri-ous business of getting televisionstudio audiences in the mood forcackling. And these days, he’s inroaring demand.

For a longspell, comedieswere largelylaughless. That’sbecause many,such as “ModernFamily,” weretaped without alive audience aslaugh tracks fellout of fashion.

But with the re-emergence of thetraditional sit-com—comedies

staged on a familiar set—living,breathing warm-up performerslike Mr. Lundblade are suddenlyin vogue. Producers fight for thebest and virtuosos can command

PleaseturntopageA4

BY MERISSA MARR

With Return of the Sitcom, These GuysGet the First—and Last—Laughs

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Those Who Can Warm Up Live AudiencesCommand High Price; Free Pizza, Hypnosis

Roger Lundblade

Monumental Reopening

SOLID STATE: The WashingtonMonument opens today afterearthquake repairs. A7

AssociatedPress

Crisis in Ukraine dominatesLithuania’s election................... A10

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