PRESS DIGEST – Wall Street Journal – Jan 27

Jan 27 (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.

* In a stunning and unprecedented move, Toyota Motor Corp
(7203.T: ) on Tuesday halted sales of most of its popular models
in the U.S. in response to growing concerns that possible
defects may cause the vehicles to accelerate unintentionally.

* Caterpillar Inc (CAT.N: ) is bracing for a nasty problem in
2010: the “bullwhip effect,” an economic principle that says
changes in end demand magnify as they work through layers of
the supply chain.

* Larry Ellison is setting a new course for Oracle Corp
(ORCL.O: ) that includes hiring 2,000 sales and engineering
employees and developing a line of high-end computer systems.

* Banks and securities firms are toughening rules that give
them power to seize pay from employees whose bets or other
behavior blows up later. But they still might not be tough
enough.

* Federal prosecutors are lining up additional guilty pleas
to bolster an insider-trading case amid a fight over evidence
the U.S. can use at trial. Tuesday, prosecutors from the
Manhattan U.S. attorney’s office filed a notice in a New York
federal court indicating that Mark Kurland, a former partner at
a Bear Stearns-run hedge fund, may waive his right to an
indictment by a grand jury.

* General Motors Co [GM.UL] ended weeks of uncertainty
about its Saab division on Tuesday, announcing a deal to sell
the Swedish auto company to tiny Dutch sports-car maker Spyker
Cars NV (SPYKR.AS: ).

* Yahoo Inc’s (YHOO.O: ) advertising business showed further
signs of stabilizing as the Internet company stemmed its
revenue slide and swung to a profit in its latest quarterly
results.

* There’s new evidence the housing market is healing after
a four-year slump, but the danger of further price drops
remains amid persistent job-market weakness, according to The
Wall Street Journal’s quarterly housing survey.

* More than half the Senate has declared support for giving
Federal Reserve Chairman Ben Bernanke a second term as members
prepared for a vote to limit debate.

* The Congressional Budget Office on Tuesday called the
U.S. budget outlook “bleak,” in a forecast that hurts the
chances for extending Bush-era tax cuts and raises pressure for
fiscal belt-tightening.

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PRESS DIGEST – Wall Street Journal – Jan 27