PRESS DIGEST – Wall Street Journal – April 5

April 5 (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.

* In its latest proposed set of tougher United Nations
sanctions on Iran, the U.S. is again relying on asset freezes
as one tool to pressure the country not to build nuclear
weapons. A close look at how much Iranian money has been frozen
to date in the U.S. under existing sanctions shows that the
total amount is surprisingly small.

* The Federal Reserve’s decisions to keep interest rates
near zero and to flood the financial system with credit are
sparking fears of an eventual outbreak of inflation.

* Apple Inc (Read more about Apple stock future.)’s (AAPL.O: ) iPad tablet computer had a strong
debut as swarms of buyers flocked to stores. But the long lines
soon faded, and few stores sold out of the device.

* Landlords of office buildings continued to cut rental
rates in the first quarter, although the size of the reductions
slowed and seemed to indicate that commercial real estate was
starting to steady after a brutal 2009.

* The Energy Department is preparing to make sweeping
revisions to its U.S. natural-gas production data after finding
it has been overstating output, raising new questions about the
government’s collection of energy information.

* Oil and gas exploration firm SandRidge Energy Inc (SD.N: )
is acquiring west Texas rival Arena Resources Inc (ARD.N: ) for
$1.6 billion, a deal that shifts SandRidge further into
conventional oil-field assets amid a continued fall in
natural-gas prices.

* A top Obama economic adviser predicted that the U.S.
labor market would continue to grow and create jobs, marking a
turn in the economy, but warned that there was still “a long
way to go.”

* An American scientist who provided key evidence against
Chevron Corp (CVX.N: ) in a multibillion-dollar environmental
lawsuit now says he didn’t write reports attributed to him that
found high levels of pollution in the Ecuadorean rain forest.

* Federal prosecutors, after a two-year investigation, may
soon decide not to charge American International Group Inc
(AIG.N: ) executives for their role surrounding financial
contracts that nearly brought down the company, according to
people familiar with the matter.

* Hollywood shattered box-office records this holiday
weekend, as a triple header of 3-D movies commanded large
audiences and higher ticket prices boosted revenues.

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PRESS DIGEST – Wall Street Journal – April 5