PRESS DIGEST – Wall Street Journal – Jan 6

Jan 6 (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.

* The explosion that triggered last year’s Gulf of Mexico
oil spill was an avoidable disaster that resulted from
management failures by BP Plc (BP.L: ) and its contractors, a
presidential commission has concluded. But the accident also
reflected systemic failures by oil companies and regulators to
deal with the risks of deep-water exploration, the panel said.

* Inundated with demand, Goldman Sachs Group Inc (GS.N: )
plans to stop taking orders for shares of Facebook Inc on
Thursday, and has told some would-be investors to expect just a
small fraction of the shares they requested, according to
people familiar with the situation.

* A prominent indicator of international food prices hit a
record high in December, sounding a warning about looming
threats to the world’s poor and to global growth.

* French car maker Renault SA (RENA.PA: ) said Wednesday it
has suspended three employees, including one management
committee executive, on suspicion of breaches of company
ethics.

* Turkey’s largest media group, Dogan Yayin Holding AS
(DYHOL.IS: ), is in talks to sell its flagship daily Hurriyet,
according to people familiar with the matter, a move that would
be widely seen as an act of surrender as the company battles
multibillion-dollar tax fines.

* Germany’s financial regulator BaFin is looking into the
takeover offer by Spanish construction company Actividades de
Construccion y Servicios SA (ACS.MC: ) for Germany’s Hochtief AG
(HOTG.DE: ), an economy ministry spokesman said Wednesday.

* Private-sector employers picked up the pace of hiring
significantly in December, a report indicated Wednesday,
increasing optimism that the U.S. job market finally may be
improving.

* Chinese Vice Premier Li Keqiang Wednesday reiterated
Beijing’s pledge to support Spain in a meeting with the
country’s prime minister, Jose Luis Rodriguez Zapatero, as the
two countries began signing $7.3 billion in deals.

* Portugal successfully sold 500 million euros ($664.9
million) of six-month treasury bills Wednesday, but at sharply
higher yields than in its September tender, as the week’s most
anticipated debt sale signaled that investors remain worried
the country may yet need a bailout.

* U.S. solar panel maker First Solar Inc (FSLR.O: ) said it
is working with China Guangdong Nuclear Solar Energy
Development Co to revive a project to build what it expects to
be the world’s largest solar-energy plant in China’s Inner
Mongolia region.

PRESS DIGEST – Wall Street Journal – Jan 6