PRESS DIGEST – Wall Street Journal – March 30

March 30 (BestGrowthStock) – The following were the top stories in
The Wall Street Journal on Tuesday. Reuters has not verified
these stories and does not vouch for their accuracy.

* Suicide-bomb blasts that killed 38 people in two Moscow
subway stations brought the specter of southern Russia’s Muslim
insurgency back to the capital Monday, exposing flaws in what
the Kremlin has often termed a successful antiterrorist
strategy.

* Boeing Co’s (BA.N: ) flight-test program for its new 787
Dreamliner jetliner is running behind schedule, though the
company insists it will still deliver the first of the planes
by year end.

* Dell Inc (DELL.O: ), which sells more PCs to small
companies than any other supplier, has spent the last year
trying to stimulate sales with new financing arrangements. Some
analysts ask if it is adding risk.

* Overseas acquisitions such as Zhejiang Geely Holding
Group Co’s $1.8 billion purchase of the Volvo car brand from
Ford Motor Co (F.N: ) are helping Chinese companies acquire new
technology and global market share. One thing they are not
doing, though, is meaningfully affecting China’s build-up of
foreign currency (Read more about trading foreign currency. reserves.

* A Chinese court handed down a 10-year prison sentence to
the principal defendant in the closely watched Rio Tinto Plc
(RIO.L: ) trial here, a dramatic and closely watched case that
abruptly swung from politically charged accusations of
espionage to admissions of bribery over iron-ore contracts.

* EMI Group Ltd is running out of time to raise cash by
licensing its catalog of recordings to a rival, increasing the
odds of a debt default, according to people familiar with the
matter.

* BHP Billiton (BHP.AX: ) (BLT.L: ), the world’s largest miner,
said that it has reached agreements with most of its customers
to sell its iron ore at market prices, a move that ensures
higher costs and volatile price swings for the world’s
steelmakers.

* U.K. banks are among the most heavily exposed in Europe
to a debt-refinancing shortfall in the real-estate market that
could reach 115 billion euros ($155 billion) in the next two
years, forcing them to consider alternative ways of managing
their portfolios, experts say.

* Irish banking stocks, already badly battered, plunged
anew Monday as it became clearer government rescue efforts will
likely lead to expanded nationalization of the sector.

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PRESS DIGEST – Wall Street Journal – March 30