PRESS DIGEST – Wall Street Journal – April 26

April 26 (BestGrowthStock) – The following were the top stories in
The Wall Street Journal on Monday. Reuters has not verified
these stories and does not vouch for their accuracy.

* Democrats reached a tentative deal to set restrictions on
trading in derivatives. Among the considerations still in the
balance: A big provision being sought by Warren Buffett’s
Berkshire in recent weeks.

* Recently released emails show how Goldman Sachs Group Inc
(GS.N: ) built its mortgage business by closely working with
lenders such as Washington Mutual and Long Beach, two firms
that a Senate review said “polluted the financial system” with
souring loans.

* UAL Corp’s (UAUA.O: ) United Airlines and Continental
Airlines Inc (CAL.N: ) are continuing their merger talks, but
disagreements have emerged over which share price to use for
the stock-swap deal.

* Consumers are spending again, delivering a strong boost
to first-quarter corporate sales and profits, and prodding some
companies to rehire laid-off workers and others to start
raising prices again.

* The International Monetary Fund is speeding up efforts to
deliver funding help to Greece, IMF Managing Director Dominique
Strauss-Kahn said Sunday, following a meeting with Greece’s
finance minister.

* Car-rental company Hertz Global Holdings Inc (HTZ.N: )
plans to acquire rival Dollar Thrifty Automotive Group Inc
(DTG.N: ) for $1.27 billion in cash and stock, giving Hertz a
larger foothold in the leisure-rental market when its core
business-travel operation remains in the doldrums.

* China is considering introducing new or higher taxes on
real estate, possibly even a U.S.-style property tax, which
would mark a significant escalation of its struggle to cool
down a booming property market now widely being described as a
bubble.

* Mitsubishi Motors Corp (7211.T: ) President Osamu Masuko
said the Japanese company has to make “a fresh start in China,”
where it has lagged behind rivals, and may have to look for a
new joint-venture partner among local auto makers.

* Fannie Mae (FNM.N: ) will make it easier for some
struggling homeowners to buy houses in the future if they avoid
foreclosure in the present.

* The Federal Trade Commission is investigating whether the
world’s biggest oil companies colluded to suppress managerial,
professional and technical employees’ wages in ways that
violated U.S. antitrust laws, according to people familiar with
the matter.

* Bank of America Corp (BAC.N: ) directors Frank Bramble and
Charles Holliday are the leading contenders to become chairman
this week of the largest U.S. bank in assets, according to
people familiar with the situation

PRESS DIGEST – Wall Street Journal – April 26