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TODAY IN PERSONAL JOURNAL

The Office Softball SlumpPLUS Make Your Cellphone More Secure

CONTENTSBusiness Tech..............B5Corp. News............B2-4,7Global Finance.............C3Heard on Street........C12Home & Digital.......D1-3In the Markets.............C4

Leisure & Arts.............D5Managing........................B6Opinion....................A13-15Sports...........................D6-8U.S. News...................A2-6Weather Watch..........B8World News............A8-11

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What’sNews

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World-Widen Ukraine began an all-outeffort to rout Russian-backed separatists and re-claim its eastern border, in ahigh-stakes bet that Moscowwon’t intervene militarily. A1n Chief Justice Robertsjoined with unexpected al-lies—his liberal colleagues—in drawing some SupremeCourt decisions toward themiddle in the latest term. A1n Iraq’s new parliamentfailed to take a critical firststep toward forming a gov-ernment in an opening ses-sion marked by bickering. A8n Thousands of Israelis at-tended a funeral for threeteens slain by suspected Pales-tinian militants, as the govern-ment debated a response. A8n An oversight board said aset of NSA programs targetingforeigners has proved effective,but that some aspects borderedon unconstitutionality. A4n Abe’s cabinet approved arevised interpretation of Ja-pan’s constitution permittingan expanded military role. A10n Obama has been stymiedby new setbacks to his agenda,but he is pressing ahead with-out congressional backing. A4n Turkey’s prime ministersaid he would run in the na-tion’s first direct presiden-tial elections next month. A9n Former French PresidentSarkozy was detained forquestioning as part of an in-fluence-peddling probe. A9n A judge scheduled a hear-ing on a conservative group’srequest to investigate miss-ing emails at the IRS. A2

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The Dow industrials andS&P 500 rallied to fresh

highs, kicking off the secondhalf of the year on a bullishnote. The blue chips gained129.47 points to 16956.07. C1n Auto sales rose 1.2% to 1.4million in June, pushing theannualized selling rate to itshighest pace since 2006. B2n U.S. factories saw stronggrowth in the second quar-ter even though the pace ofexpansion eased in June. A2n J.P. Morgan’s Dimon toldemployees and shareholdershe has throat cancer but thatthe prognosis is excellent. C1n An Amazon executive de-nied the firm has too muchclout in e-books and said itis fighting for customers inits dispute with Hachette. B1n Twitter replaced its CFOwith the Goldman Sachs in-vestment banker whohelped shepherd its IPO. B1n The FTC accused T-Mobileof adding hundreds of mil-lions of dollars in boguscharges to subscribers’ bills. B3n Credit Suisse has joinedthe side of William Ackmanin his campaign to helpValeant take over Allergan. C1n BNP Paribas said it was“in no rush” to boost its capi-tal cushion after a $9 billionsettlement with the U.S. C2n A federal judge dismissedtwo insider-trading countsagainst Raj Rajaratnam’syounger brother Rengan. C3n Cheniere is dropping itsplan to issue 30 millionshares to pay employees. B1

Business&Finance

Bill and Hillary Clinton helpedraise more than $1 billion from U.S.companies and industry donors dur-ing two decades on the nationalstage through campaigns, paidspeeches and a network of organizations advancingtheir political and policy goals, The Wall StreetJournal found.

Those deep ties potentially give Mrs. Clinton afinancial advantage in the 2016 presidential elec-tion, if she runs, and could bring industry donorsback to the Democratic Party for the first timesince Mr. Clinton left the White House.

Republicans, while capable of raising similarsums, worry the Clintons will take an early lead inthe next presidential race, which is expected to to-tal well above the $2 billion spent in 2012.

“Clinton Inc. is going to be the most formidablefundraising operation for the Democrats in the his-tory of the country. Period. Exclamation point,” said

Rick Hohlt, a lobbyist and fund-raiser for Republican Party presi-dential candidates. “It sure causesconcern.”

The Journal tallied speaking feesand donations to Mr. Clinton’s 1992 and 1996 presi-dential campaigns; the Democratic National Com-mittee during Mr. Clinton’s eight years in the WhiteHouse; Mrs. Clinton’s bids for Senate and president;and the family’s nonprofit entity—The Bill, Hillaryand Chelsea Clinton Foundation.

The Journal was aided by the Center for Respon-sive Politics, a nonpartisan group that tracks elec-tion contributions. The center provided an industrybreakdown of campaign donations.

Finding an exact total is difficult because theClintons aren’t required to make public any detailsabout donations to their foundation. They volun-tarily report donor names, however, and donation

PleaseturntopageA12

By BrodyMullins,Peter Nicholas

and Rebecca Ballhaus

FORMIDABLE FUNDRAISING

Clinton Money MachineTaps Corporate Cash

TEHRAN—A year ago, the pres-ident of Iran’s chamber of com-merce could gomore than amonthwithout hosting a foreign businessdelegation, due to their fears of vi-olating economic sanctions. Thesedays, Gholam Hossein Shafeigreets trade missions from theMiddle East, Asia and Latin Amer-ica almost every day and travels toEuropean capitals.

“We have a new environmentdomestically, and a new look fromthe outside,” the 63-year-old saidfrom his expansive offices in cen-tral Tehran, which overlook theabandoned American Embassy.

Firms including energy giantsTotal SA and Royal Dutch ShellPLC; car maker PSA Peugeot Cit-roën; and financial firms DeutscheBank AG and Russia’s RenaissanceCapital Ltd. have participated inpresentations about investment inIran.

As talks between Iran and sixmajor powers on limiting its nu-clear program enter the finalstages of diplomacy this week inVienna ahead of a July 20 dead-

line, global companies are fact-finding, meeting with potentialIranian partners and jockeying forposition should an end to sanc-tions open the isolated economy.

They are drawn by what couldbecome the largest market in theMiddle East, with nearly 80 mil-lion people, the majority of whomare under 30, well-educated andtech-savvy, and by the country’senergy potential—it has thefourth-largest proven oil reservesand second-largest proven gas re-serves in the world.

The U.S. and Iran have heldtalks on trying to cooperate toquell a Sunni uprising in Iraq, butofficials say big gaps remain be-fore a nuclear agreement can besettled. Diplomats say Iran isn’tyet prepared to dismantle its nu-clear infrastructure to the levelsdemanded for a deal, and compa-nies say plans are on hold untilsanctions are lifted. The negotia-

PleaseturntopageA9

BY JAY SOLOMON

Global Companies Circle Iran,Awaiting Break in Sanctions

In China, Women GraduatesAre Married to Gowns, Not Caps

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Wedding Dresses Are the FashionIn Photo Shoots to Commemorate Degrees

BEIJING—On an overcast Juneday, 20 women in white gownsstood in a row on a grassy field.They had spent themorning fussing withone another’s hairand makeup, andnow, for the big mo-ment, smiled into thecamera.

But this was agraduation celebra-tion, not a wedding.

Here in China, col-lege women arespurning caps andgowns and choosingto commemoratetheir graduations in white tulle,instead.

“Who doesn’t like weddingdresses?” said Liu Xiangping, whowas among those posing for grad-

uation shots that day, along withnearly two dozen fellow class-mates clad in white. (Their fourmale classmates wore suits.)

It isn’t happening just at Xi’anPolytechnic Universityin central China,where Ms. Liu gradu-ated this year with adegree in interna-tional economics andtrade. Across China,graduation seasonlooks a lot like wed-ding season, withyoung women flock-ing to stores to rentwedding gowns.

“The weddingdress makes things

feel more meaningful,” said Ms.Liu. She and her classmatesrented their gowns, which camewith full skirts and beaded or

PleaseturntopageA12

BY TE-PING CHEN

The graduates

Hong Kong Rally Leads to Arrests

STRUGGLE: Police arrested hundreds of protesters Wednesday morning,a day after crowds marked the anniversary of Hong Kong’s return toChinese sovereignty with demands for democratic elections. A10

AssociatedPress

Ukraine began an all-out ef-fort Tuesday to rout Russian-backed separatists and reclaimits eastern border, in a high-stakes bet that Moscow won’t in-tervene militarily to counter itsnew onslaught.

Hours after ending a 10-daytruce, Kiev said it had regainedcontrol over two villages in therebel stronghold of Slovyansk asit attempts to encircle the city.The rumble of airstrikes andheavy artillery was audible just afew miles away at the field head-quarters for the government of-fensive in Izyum.

The government also said itregained one of several borderposts lost to rebels in recentweeks, and was preparing escaperoutes for tens of thousands ofcivilians trapped in rebel-heldareas. “From here, the situationwill only get better,” said Inte-rior Minister Arsen Avakov.

The renewed offensive is arisky attempt by Ukraine’s Presi-dent Petro Poroshenko to oustthe separatists from regions nearthe Russian border withoutsparking a humanitarian catas-trophe.

It also marks a gamble Mos-cow won’t intervene militarily toaid the militants, who have triedto set up their own republic in-side Ukraine over the past 2½months. The U.S. and allies havethreatened Russia with new

PleaseturntopageA11

By Alan Cullisonin Izyum, Ukraine,

and Gregory L. Whitein Moscow

UkraineLaunchesAll-OutOffensive

WASHINGTON—Chief JusticeJohn Roberts joined with unex-pected allies—his liberal col-leagues—in an alliance that drewsome of the Supreme Court’smajor decisions closer towardthe ideological middle in theterm just concluded.

The approach separated thechief justice, who has been on thecourt nine terms, from the other

conservative justices—who endedup breaking with him at times.

The balancing act sometimesleft conservatives such as JusticeAntonin Scalia fuming over whatthey saw as missed opportuni-ties to reduce the federal gov-ernment’s treaty powers, curbenvironmental regulation and re-lax limits on antiabortion activ-ism outside women’s clinics.

But Chief Justice Roberts maybe aiming to build a stronger

foundation for his jurisprudenceby making appeals toward thefour liberal-leaning justices, whocould see partial accommodationas preferable to outright defeatby the court’s usual five-memberconservative bloc.

To an extent, he is doing whathe said he would during his 2005confirmation hearings after hisnomination by President GeorgeW. Bush, when he spoke of a com-mitment to “judicial modesty.”

“You don’t obviously compro-mise strongly held views, but youdo have to be open to the consid-ered views of your colleagues,”he said at the hearings. The chiefjustice, he added, “has a particu-lar obligation to try to achieveconsensus.”

Cornell law professor MichaelPleaseturntopageA6

BY JESS BRAVIN

Chief Justice’s Balancing ActRoberts Pulls in Supreme Court Liberals, but Outreach Frustrates Fellow Conservatives

Goodbye, Cruel World Cup: Belgium Knocks Out U.S., 2-1, in Extra Time

DOWN AND OUT: Jermaine Jones is consoled by teammate Julian Green after the U.S. run at soccer’s World Cup ended Tuesday in Brazil. D7-D8

AdrianDennis/AgenceFrance-Presse/Getty

Images

Drop-OffVehicles produced in Iran

The Wall Street Journal

Source: International Organization ofMotor Vehicle Manufacturers

2.0

0

0.5

1.0

1.5

million vehicles

2000 ’05 ’10

2012: 1.0 million, –39%

High court to hear pregnancydiscrimination case...................... A6

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