PRESS DIGEST – Wall Street Journal – April 8

April 8 (BestGrowthStock) – The following were the top stories in
The Wall Street Journal on Thurdday. Reuters has not verified
these stories and does not vouch for their accuracy.

* Oprah Winfrey plans to announce that she will host an
evening show on her new cable network. The aptly named “Oprah’s
Next Chapter” will probably debut late next year.

* Those betting against debt-burdened Greece and the euro
aren’t just hedge funds and speculators looking for fast
profits, but also corporations, asset managers and banks
seeking to protect themselves.

* More companies are running up against the Clayton Act, a
law passed in 1914 that prohibits directors of companies from
sitting on boards of their rivals.

* Banks are on a winning streak in their battle against
investor lawsuits stemming from the financial crisis.

* The SEC charged broker-dealer unit of Regions Financial
Corp’s (RF.N: ) unit Morgan Keegan, former mutual-fund star James
Kelsoe and another employee with fraud, saying they manipulated
the prices of bond funds that were suffering steep losses.

* Federal Reserve Chairman Ben Bernanke said Wednesday that
huge U.S. budget deficits threaten the nation’s long-term
economic health and should be addressed soon.

* A.G. Lafley, who retired from Procter & Gamble Co (PG.N: )
in February after a 33-year career, is taking a new role at
private-equity firm Clayton, Dubilier & Rice LLC. He will serve
a “special partner” advising the firm and its companies on
management issues ranging from product innovation to global
expansion

* The National Association for the Advancement of Colored
People agreed to drop a predatory-lending lawsuit against Wells
Fargo & Co (WFC.N: ) in exchange for access to loan data.

* Former Fed chief Alan Greenspan faced some of the
toughest questioning yet about his role in the financial crisis
at a hearing Wednesday marked by tense exchanges with a
longtime foe. Members of the congressionally chartered
Financial Crisis Inquiry Commission also ripped Citigroup Inc
(C.N: ) executives for their role in the subprime meltdown, where
Citigroup was an early and major casualty.

* General Motors Co [GM.UL] on Wednesday reported a $4.3
billion loss for its first six months out of bankruptcy but the
car maker envisions a turnaround in 2010.

* More consumers are keeping up with payments on their
credit cards and other loans. But that is coming at a cost:
They are cutting back sharply on borrowing as they pare back
debt.

* Daimler AG (DAIGn.DE: ) and the Renault SA (RENA.PA: )-Nissan
Motor Co (7201.T: ) alliance will take small stakes in each other
and jointly develop small cars, in a sign of the growing need
for economies of scale in the auto industry.

Stock Basics

PRESS DIGEST – Wall Street Journal – April 8