PRESS DIGEST – Wall Street Journal – Jan 28

Jan 28 (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.

* In his first State of the Union address, U.S. President
Barack Obama restated his call to change the tone in
Washington. He promised to help spur job growth and urged
lawmakers to press on with the health-care overhaul.

* Toyota Motor Corp’s (7203.T: ) president, Akio Toyoda, had
been worried that a backlash like the one he’s now facing over
quality would hit Toyota sooner or later.

* Despite their tough talk about clamping down on pay,
banks and securities firms are using other financial perks to
ease the toll on employees.

* Treasury Secretary Timothy Geithner batted back an
assault from U.S. lawmakers Wednesday over the bailout of
American International Group Inc (AIG.N: ), saying he took “full
responsibility, and great pride” in his decisions, including a
controversial one to pay banks in full on contracts they had
with the insurer.

* The Federal Reserve offered a slightly rosier economic
outlook and reaffirmed it would stop buying mortgages in March,
on the eve of the Senate vote Thursday on Ben Bernanke’s
nomination for a second term as Fed chairman.

* McDonald’s Corp’s (MCD.N: ) German unit is engaged in a
dispute with several franchise holders who accuse the world’s
largest hamburger chain of using aggressive tactics to try to
force them out of their contracts.

* Money-market funds could be forced to pay out less
interest under new federal rules designed to make them
sturdier. With memories still raw from the 2008 meltdown of
Reserve Primary Fund, the Securities and Exchange Commission
released rules on Wednesday that require funds to hold more
liquid and higher-quality assets and disclose the value of
their assets per share more frequently.

* Portugal’s report of an unexpectedly large 2009 budget
deficit renewed concern that Greece isn’t the only euro-zone
country with fiscal problems. And Greece spooked markets with a
denial of its plans to tap Chinese funds.

* The Chinese government won’t limit the use of Google
Inc’s (GOOG.O: ) Android operating system for mobile devices by
Chinese telecommunications operators, a Ministry of Industry
and Information Technology spokesman said.

* Despite being saddled by one of the worst years on record
in aviation, Boeing Co (BA.N: ) signaled it is re-establishing
its footing. The Chicago-based aerospace company posted solid
fourth-quarter results Wednesday, swinging to a profit.

* Caterpillar Inc’s (CAT.N: ) fourth-quarter earnings plunged
by 65 percent, but the heavy-machinery maker said it is seeing
demand pick up.

* Shares of Russian aluminum giant UC Rusal (0486.HK: ) fell
10.6 percent on their first day of trade, a volatile start that
highlighted some of the risk surrounding the US$2.55 billion
offering.

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PRESS DIGEST – Wall Street Journal – Jan 28