PRESS DIGEST – Wall Street Journal – April 6

April 6 (Reuters) – 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.

* Republicans and Democrats stumbled one day closer to a
government shutdown on Friday, as the two parties escalated what
has become a broader battle over Washington’s role in the U.S.
economy.

* Warren Buffett warned Berkshire Hathaway Inc’s (BRKa.N: Quote, Profile, Research)
top employees last year against trading in shares of companies
in which Berkshire might invest-the very issue that now is
dogging the conglomerate.

* The European Central Bank and the U.S. Federal Reserve,
facing similar challenges of fragile economic recoveries and
surging commodity prices, are charting different courses

* The U.S. and Colombia will likely announce an agreement
Wednesday on a free-trade deal after several weeks of intensive
talks on labor issues, a senior Obama administration official
confirmed Tuesday.

* Five days after the parent of the Nasdaq Stock Market made
a bid for the parent of the New York Stock Exchange,
SuccessFactors Inc , one of Nasdaq’s hottest IPOs in
recent years is planning to bolt for the NYSE, according to
people familiar with the matter.

* Boeing Co said Tuesday that its engineering and
safety experts were caught off guard by the recent rupture of
the fuselage of a Southwest Airlines Co jet, which
exposed a miscalculation in the aircraft maker’s formula for
assuring the safety of the plane.

* Borders Group Inc plans to tell publishers and
landlords Wednesday it has achieved major cost savings,
including more than $30 million in rent reductions, and that it
will move out of its Ann Arbor, Mich., headquarters for cheaper
office space in the greater Detroit metro area.

* Nasdaq OMX on Tuesday set off what is likely to
be one of the biggest trades in the stock market for the next
month: gaming the massive rebalancing of the widely followed
Nasdaq-100 index.

* Blockbuster Inc’s auction wore on into Tuesday
evening, with bidders jockeying to top an opening high bid for
the movie-rental chain from Dish Network Corp .

* The International Monetary Fund, which for decades has
been unwavering in its support of the free flow of capital,
reversed itself and said developing countries can under some
circumstances put up barriers to protect their economies.

* BP PLC is expected to face a wave of investor ire
at its annual shareholder meeting next week, with activist
groups saying they will take management to task over everything
from the company’s safety practices in the wake of last year’s
Gulf of Mexico oil spill to its policy on executive pay.

* The latest study on estrogen sends complex signals about
the effects of the hormone on women who have had hysterectomies,
with those who started therapy in their 70s experiencing
“potential harm” while women in their 50s didn’t.

(Compiled by Mary Meyase; Bangalore Equities Newsdesk +91 80;
4135 5800; within U.S. +1 646 223 8780)

PRESS DIGEST – Wall Street Journal – April 6