PRESS DIGEST – Wall Street Journal – Feb 5

Feb 5 (BestGrowthStock) – The following were the top stories in The
Wall Street Journal on Friday. Reuters has not verified these
stories and does not vouch for their accuracy.

* Laura Silsby and nine other American missionaries were
charged with abducting children from Haiti. For Silsby it was
the latest in a series of wrong turns on a road she says was
paved with the best of intentions.

* Jitters about the U.S. economy and signs that a debt
crisis in Europe is spreading roiled markets on Thursday,
driving the Dow Jones Industrial Average briefly below the
10000 mark.

* The owner of T-Mobile USA, the fourth-largest U.S.
wireless provider, is exploring an initial public offering or
spinoff of the business, according to people familiar with the
matter, as it seeks ways to jump-start the carrier and assuage
disenchanted shareholders.

* Former Bank of America Corp (BAC.N: ) Chief Executive
Kenneth Lewis and the company’s current consumer-banking chief
were accused in a civil complaint of duping investors by
failing to disclose mounting losses at Merrill Lynch & Co.
before shareholders approved the securities firm’s takeover by
the giant bank.

* The two Morgan Stanley economists who beat 50 other
forecasters in guessing how bad 2009 would be did it by
predicting soaring unemployment – though even they didn’t see
it hitting 10 percent – and a U.S. economy that would start
sputtering back to life by the end of the year.

* Industrial-gas company Air Products & Chemicals Inc
(APD.N: ) made an unsolicited offer to acquire smaller rival
Airgas Inc (ARG.N: ) for about $5.1 billion in cash late
Thursday.

* The U.S. Department of Justice expressed concerns
Thursday about a revised legal settlement that Google Inc (Read more about Google Stock Analysis)
(GOOG.O: ) struck with authors and publishers to make millions of
books available online, saying there were still several
problems with the amended agreement.

* Berkshire Hathaway Inc (BRKa.N: ) joined Kraft Foods Inc
(KFT.N: ) in offering a multibillion-dollar bond, and both found
plenty of buyers even as disappointing economic news sent
investors fleeing from stocks, commodities and other assets.

* Apparel retailers followed up a strong holiday showing
with a good January by turning what is usually a month for
clearance sales into an opportunity to move spring merchandise
at full prices.

* Money manager State Street Corp (STT.N: ) agreed Thursday
to pay back $313 million to investors misled about their
exposure to subprime mortgages – one of the strongest sanctions
yet for behavior during last decade’s credit boom.

* Concerns about the ability of the U.S. economy to create
jobs added to a broader wave of fear about European finances,
as fresh data showed unemployment claims rising and companies
managing to boost production without adding workers.

* Royal Dutch Shell Plc (RDSa.L: ) released disappointing
fourth-quarter results, dragged lower by what Chief Executive
Peter Voser called the worst refining environment in his 25
years at the company.

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PRESS DIGEST – Wall Street Journal – Feb 5