PRESS DIGEST – Wall Street Journal – April 14

April 14 (BestGrowthStock) – The following were the top stories in
The Wall Street Journal on Wednesday. Reuters has not verified
these stories and does not vouch for their accuracy.

* Toyota Motor Corp’s (7203.T: ) quality crisis is exposing
— and exacerbating — a long-simmering internal feud. The
battle pits the founding Toyoda family against a group of
professional managers, each blaming the other for the auto
maker’s woes.

* Losses at a Morgan Stanley (MS.N: ) (Read more about the money market today. ) real-estate fund could
wipe out nearly two-thirds of its $8.8 billion investments. It
likely will rate as the biggest dollar loss in the history of
private-equity property funds.

* Charles Noski, formerly at Northrup Grumman Corp (NOC.N: )
and AT&T Corp (T.N: ), is expected to be named chief financial
officer of Bank of America Corp (BAC.N: ) as it prepares for more

* The Treasury Department is releasing new rules preventing
banks from seizing Social Security and other federal benefits
from customers facing debt collectors.

* Intel Corp’s (INTC.O: ) profit and revenue surged in the
first quarter, kicking off an upbeat earnings season for
technology companies as demand continues to improve for
products like laptop computers and server systems.

* Former Washington Mutual Inc Chief Executive Kerry
Killinger scoffed at lawmakers who blamed him for the largest
bank failure in U.S. history, accusing regulators of helping
only financial institutions deemed “too clubby to fail.”

* The U.S. Department of Agriculture indicated it will
allow a small increase in U.S. sugar imports this year, a
decision that is likely to do little to quell complaints from
confectioners and processors about tight supplies.

* Starwood Hotels & Resorts Worldwide Inc (HOT.N: ) is
selling two of its W hotels in Manhattan to London-based St.
Giles Hotels, which will take over management of the

* Greece saw strong demand for its latest debt auction but
was forced to pay a hefty interest rate while yields on
longer-term bonds jumped again, a sign that investors remain
wary about Athens’ solvency.

* CSX Corp (CSX.N: ), the first major U.S. railroad to report
first-quarter results, cited the economy’s “gradual and steady”
gain for a 24 percent profit rise that topped Wall Street

* Boston’s mayor, Thomas Menino, sent a scathing letter to
Vornado Realty Trust’s (VNO.N: ) chairman Steven Roth last month
in which he threatened to have the city seize a major
development site from a Vornado-led group for failing to build
there in a timely way.

* Delinquency rates on commercial mortgages are running at
all-time highs, dragging down the fortunes of lenders that
specialize in commercial real estate. But investors are looking
past that and are bidding up share prices for these lenders.

* Some of the largest U.S. banks would have to pay higher
government fees under a proposal that federal regulators are
considering to discourage risky behavior by big financial

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PRESS DIGEST – Wall Street Journal – April 14