PRESS DIGEST – Wall Street Journal – Feb 4

Feb 4 (BestGrowthStock) – The following were the top stories in The
Wall Street Journal on Thursday. Reuters has not verified these
stories and does not vouch for their accuracy.

* For the first time, government programs next year will
account for more than half of all U.S. health-care spending,
federal actuaries predict, as the weak economy sends more
people into Medicaid and slows growth of private insurance.

* Business spending on technology goods and services is
returning as the economy mends, pumping new life into suppliers
such as Cisco Systems Inc (CSCO.O: ), though it has been slower
to reach other sectors.

* Transportation Secretary Ray LaHood said Wednesday his
agency is widening its probe of sudden acceleration complaints
in Toyota Motor Corp (7203.T: ) vehicles to look at the
possibility of electromagnetic interference with electronic
throttle systems, and said he wants to talk directly with
company Chief Executive Akio Toyoda.

* Some leading hospitals are reporting failure rates for
Medtronic Inc’s (MDT.N: ) fracture-prone defibrillator wires –
including among young people – that are significantly higher
than what the company has publicly disclosed.

* William Bischoff, former CEO of Wall Street research firm
FTN Equity Capital, claims he lost his job and that his company
was closed due to his relationship with a defendant in a
high-profile insider-trading case.

* Beleaguered retailer Zale Corp (ZLC.N: ), once the largest
jewelry chain in North America, is taking the unusual step of
asking its vendors to purchase some of its inventory for cash.

* CBS News is cutting jobs among at its news-gathering
bureaus and TV shows, as it grapples with declining revenue.

* Polo Ralph Lauren Corp (RL.N: ) is making a big bet to
expand in Asia, but the cost of that effort rattled investors
Wednesday. The company aims to eventually double Asia’s
contribution to its revenue, so that it accounts for one-third
of the total.

* Top Treasury officials on Wednesday lambasted a new round
of bonus payments to employees of American International Group
Inc’s (AIG.N: ) financial-products division, but stopped short of
faulting current management.

* Boeing Co (BA.N: ) said Wednesday that its delayed 747-8
jumbo jet could make its first test flight as early as Monday.

* Adding to early evidence of a media-industry recovery,
Time Warner Inc (TWX.N: ) logged a fourth-quarter profit (Read more your timing to make a profit.) on the
strength of fees paid to air its cable networks and a healthy
clip of movie-ticket sales for “The Blind Side” and “Sherlock
Holmes.”

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PRESS DIGEST – Wall Street Journal – Feb 4