PRESS DIGEST – Wall Street Journal – June 7

June 7 (BestGrowthStock) – The following were the top stories in
The Wall Street Journal on Monday. Reuters has not verified
these stories and does not vouch for their accuracy.

* Researchers reported notable advances in the war on
cancer over the weekend, including treatments for lung, ovarian
and skin cancers, but they cautioned that the disease continues
to throw up daunting obstacles of cost and complexity.

* Supermarket companies including Supervalu (SVU.N: ),
Safeway (SWY.N: ) and Ahold (AHLN.AS: ) have turned to Saint
Consulting Group to try to derail or delay proposed new
Wal-Marts.

* India’s Reliance Communications Ltd (RLCM.BO: ) and U.S.
telecom giant AT&T Inc (T.N: ) have sounded out each other’s
interest about a potential transaction in which AT&T would take
a significant minority stake in the Indian cellphone company,
according to people familiar with the matter.

* For commercial insurers, the Gulf of Mexico oil spill and
the volcanic-ash disaster may prove relatively light in claims
costs but may give the firms justification to raise premiums
for some types of coverage.

* Pritzker family scion John Pritzker is getting back into
the hotel industry by buying a majority stake in an operator of
boutique hotels in California and establishing a $150 million
fund to buy additional small hotels.

* Space entrepreneur Elon Musk made history last week with
the successful launch of his Falcon 9 rocket, but he has
acknowledged that he worried a few years ago that his project
would have to shut down for lack of cash.

* Grifols SA (GRLS.MC: ) of Spain plans to buy Talecris
Biotherapeutics Holdings Corp (TLCR.O: ), a U.S. maker of plasma
medicines part-owned by Cerberus Capital Management LP, for
more than $3 billion, according to people familiar with the
matter.

* Yahoo Inc (YHOO.O: ) will soon roll out new ways to view
content from Facebook Inc across its websites, according to
people briefed on the matter, as it aims to prevent Yahoo users
from defecting to the social network.

* A string of big-name companies that have filed to go
public in recent weeks has obscured a less-encouraging trend in
the U.S.: The pace of companies registering for IPOs fell in
May and more deals were shelved than at any point this year.

* The world’s leading economic powers edged toward
agreement on new rules to ensure that major banks keep enough
money in reserve to insulate them against future crises.

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PRESS DIGEST – Wall Street Journal – June 7