PRESS DIGEST – Wall Street Journal – Dec 7

Dec 7 (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.

* Germany beat back bids for more expansive approaches to
Europe’s rescue of its fiscally troubled countries, leaving the
euro zone to muddle through in the near term as markets warily
watch Portugal and Spain.

* A French court found Continental Airlines guilty of
involuntary homicide in the crash of an Air France Concorde ten
years ago, ordering Continental to pay more than $1.6 million.

* The U.S. Treasury sold the last of its Citigroup Inc
(C.N: ) common shares in a $10.5 billion offering that capped the
government’s biggest bank bailout and netted taxpayers a $12
billion profit.

* China’s Bright Food Group Co is close to a deal to buy
U.S. vitamin retail chain GNC Holdings Inc for between $2.5
billion to $3 billion, people familiar with the matter said,
the latest sign of growing Chinese appetite for U.S. companies.

* J.P. Morgan Chase & Co (JPM.N: ) has emerged as the mystery
buyer of more than $1 billion of copper, accounting for more
than 50 percent of all the metal stored in official London
warehouses and stoking worries about an impending supply

* Two banking giants are in negotiations to purchase
Chrysler Financial Corp, the auto lender owned by Cerberus
Capital Management LP, according a person close to the matter.

* UBS AG’s (UBSN.VX: ) appointment of former UniCredit SpA
(CRDI.MI: ) top investment banker Sergio Ermotti to a key post is
a sign the succession plan for chief executive Oswald Grubel is
coming together, according to analysts.

* The trustee seeking money for victims of Bernard Madoff’s
fraud sued HSBC Holdings Plc (HSBA.L: ) and a group of feeder
funds on Sunday for at least $9 billion.

* Hochtief AG (HOTG.DE: ) said Monday that it plans to issue
new capital to allow Qatar Holding LLC to acquire a stake of
about 9.1 percent in the German construction group,
strengthening Hochtief’s effort to fend off a takeover bid by
Actividades de Construccion y Servicios SA (ACS.MC: ) of Spain.

* U.K. banknote printer De La Rue Plc (DLAR.L: ) Monday
confirmed it had rejected an offer of about 900 million pounds
($1.42 billion) for the company from Oberthur, a French
privately held maker of banknotes and smart-card technologies.

* L’Oreal SA (OREP.PA: ) heiress Liliane Bettencourt and her
daughter said Monday they have resolved their differences,
ending a series of lawsuits that could have jeopardized French
control of the cosmetics giant.

* Axiom Telecom, a Dubai-based mobile-phone distributor,
said Monday it canceled its initial public offering of shares
and listing on the Nasdaq Dubai because of liquidity and market

PRESS DIGEST – Wall Street Journal – Dec 7