PRESS DIGEST – Wall Street Journal – Feb 17

Feb 17 (BestGrowthStock) – 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.

* Simon Properties Group Inc (SPG.N: ), already the nation’s
largest shopping-mall owner, made a $10 billion bid to acquire
rival General Growth Properties Inc (GGWPQ.PK: ), which is
seeking to emerge from bankruptcy proceedings, in a takeover
effort that could alter the retail landscape in hundreds of
American communities.

* U.S. regulators stepped up their investigation of Toyota
Motor Corp (7203.T: ) on Tuesday, demanding documents from the
Japanese auto maker to determine if it conducted recent safety
recalls “in a timely manner.”

* The Obama administration’s economic-stimulus program has
delivered about a third of its total $787 billion budget during
its first year, much of that to maintain social services and
government jobs and to provide tax cuts for workers.

* Mitsui & Co (8031.T: ) said Tuesday it will invest about
$1.4 billion to take part in a shale-gas development project in
Pennsylvania, in hopes of taking advantage of the growing U.S.
market for such gas.

* China sold a record amount of its U.S. Treasury holdings
in December, ceding its place as the world’s biggest foreign
holder of U.S. debt to Japan.

* Harvard University’s $26 billion endowment is looking to
offload a chunk of its $5 billion real-estate portfolio as it
seeks better investment opportunities and to reduce its
exposure to the troubled property market.

* The pending $15 billion sale of a large foreign
life-insurance unit of American International Group Inc (AIG.N: )
to MetLife Inc (MET.N: ) is being held up by a tax dispute that
may require a ruling from the Internal Revenue Service,
according to people familiar with the matter.

* The tensions behind Google Inc (Read more about Google Stock Analysis)’s (GOOG.O: ) growing push
into mobile phones came into focus Tuesday as the chief of one
of the world’s biggest wireless carriers took a swipe at the
Internet giant’s dominance in search advertising.

* Fortress Investment Group (FIG.N: ) announced Tuesday it
had acquired bond investor Logan Circle Partners, as the
private-equity and hedge-fund firm looks to diversify into
traditional money-management businesses.

Investment Analysis

PRESS DIGEST – Wall Street Journal – Feb 17