PRESS DIGEST – Wall Street Journal – Dec 14

Dec 14 (BestGrowthStock) – The following were the top stories in
The Wall Street Journal on Tuesday. Reuters has not verified
these stories and does not vouch for their accuracy.

* China’s currency, pent up inside the country’s borders
for decades, is emerging as a hot property in global
foreign-exchange markets, just months after Beijing allowed the
yuan to be bought and sold outside the mainland for the first
time.

* Investors demanded higher interest payments on municipal
bonds amid strong year-end issuance, pushing yields to the
highest levels since 2009, on news that the Build America Bonds
program appeared increasingly unlikely to be extended.

* Computer prices are rising even as the prices of other
consumer electronics such as high-definition televisions and
digital cameras plunge this holiday season.

* Amid the largest decline in bonuses since the onset of
the crisis, the big spenders on Wall Street are reining in
their seasonal shopping spree in favor of restrained
indulgence.

* Comcast Corp (CMCSA.O: ) is testing a new service that
knits together television and the Internet, revamping its
offering as rivals threaten to undermine its business.

* The U.S. tax code is being slowly turned into a temporary
patchwork of provisions that need to be dealt with every year
or two, depriving individuals and businesses of the
predictability needed to make long-range plans.

* Continental Airlines Inc (UAL.N: ) said lawyers filed its
appeal of a French court’s verdict last week that found the
airline guilty of involuntary homicide in the crash of an Air
France Concorde jetliner 10 years ago.

* A $19.6 billion lawsuit filed by the trustee overseeing
the bankruptcy of Bernard Madoff’s investment firm against
Austrian banker Sonja Kohn and related firms has “nothing to do
with reality,” her lawyer said.

* HCR ManorCare Inc, one of the largest nursing-home and
posthospital-care companies in the U.S., is selling its
real-estate assets to HCP Inc (HCP.N: ), a publicly traded
real-estate investment trust focused on health care, for $6.1
billion.

* The World Trade Organization handed the U.S. a big
victory in a fight with China over tire imports, bolstering the
Obama administration’s effort to show it is tough on
enforcement as it girds for a battle in Congress over passage
of a free trade pact with South Korea.

* The governor of Hungary’s central bank, locked in a
struggle with the country’s political leaders, said the ruling
party’s tax and pension policies are risky and warned that
eroding investor confidence is one of the biggest potential
threats to the national economy.

* Goldman Sachs Group Inc (GS.N: ) told a U.S. panel
examining the financial crisis that the company wasn’t
responsible for toppling two Bear Stearns & Co hedge funds in
early 2007.

PRESS DIGEST – Wall Street Journal – Dec 14