PRESS DIGEST – Wall Street Journal – April 15

April 15 (BestGrowthStock) – The following were the top stories in
The Wall Street Journal on Thursday. Reuters has not verified
these stories and does not vouch for their accuracy.

* After dominating space for a half century, the U.S. is
mired in a political fight that threatens its leadership role
and ambitions for manned exploration.

* Shoppers turned up in surprising force at U.S. stores,
auto dealers, restaurants and elsewhere in March, adding to a
growing sense that the recovery could prove faster than

* Fujitsu Ltd’s (6702.T: ) battle with its former president
turned nastier Wednesday as the technology giant called a news
conference to accuse its former leader of failing to heed a
warning against associating with an investment fund that
Fujitsu says has possible gangster ties.

* China’s economy (Read more about the fastest growing economy.) expanded 11.9 percent from a year earlier
in the first quarter of 2010, the government said Thursday, a
strong result that highlighted both the strength of the
recovery in the world’s third-largest economy and the
increasing risks of overheating.

* Surprisingly confident consumers and small-business
owners helped propel JPMorgan Chase & Co (JPM.N: ) to a 55
percent profit surge in the first quarter, increasing optimism
among investors that U.S. banks are rebounding from the crisis
that staggered the industry.

* Large loans from foreign banks, including Citigroup Inc
(C.N: ) and Deutsche Bank AG (DBKGn.DE: ), helped to feed “the
buildup of risk” in Iceland’s banking system, which collapsed
spectacularly in 2008, a comprehensive report from a
parliamentary commission concluded.

* Two years after surprise losses in auction-rate
securities pounded mutual funds, there is new evidence to
suggest some funds may be mislabeling what they hold in their

* The Dow Jones Industrial Average posted its first
triple-digit point gain in three weeks, and the Standard &
Poor’s 500 broke through a key round-number milestone thanks to
the latest round of corporate earnings reports, which offered
positive signals about the broader economy.

* Apple Inc (Read more about Apple stock future.) (AAPL.O: ) on Wednesday postponed the
international launch of its iPad tablet computer by a month,
saying it has been unable to keep up with
stronger-than-expected U.S. demand.

* United Parcel Service Inc (UPS.N: ) said its first-quarter
earnings jumped a better-than-expected 33 percent, in another
sign of improvement in shipping, a bellwether of the broader

* The Organization of Petroleum Exporting Countries
maintained a cautious view about world oil demand and gave no
indication it might pump more crude to damp the recent rise in
oil prices.

* Mall giant Simon Property Group Inc (SPG.N: ) changed
course in its pursuit of rival General Growth Properties Inc
(GGP.N: ), offering Wednesday to replace rival bidder Brookfield
Asset Management (BAMa.TO: ) in a $6.5 billion proposal to
finance General Growth’s exit from bankruptcy court as a
standalone company — minus a key provision.

* UBS AG (UBSN.VX: ) received a strong signal of disapproval
from shareholders, who voted down a plan to absolve its 2007
management of potential culpability for losses incurred in the
financial crisis.

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PRESS DIGEST – Wall Street Journal – April 15