PRESS DIGEST – Wall Street Journal – March 4

March 4 (Reuters) – The following were the top stories in
The Wall Street Journal On Friday. Reuters has not verified
these stories and does not vouch for their accuracy.

* The U.S. and Mexico unveiled a deal Thursday to resolve a
longstanding dispute over cross-border trucking, an agreement
that could help ease tense relations between the two neighbors.

* U.S. banks received a 27-page proposal from state
attorneys general and several federal agencies that could
require them to reduce loan balances of troubled borrowers.

* Goldman Sachs Group Inc Chief Executive Lloyd C.
Blankfein has agreed to testify for the U.S. government at the
coming trial of Mr. Rajaratnam, the hedge-fund titan facing
insider-trading charges.

* The Justice Department is investigating whether a group
representing some top technology firms is unfairly trying to
smother a free online-video technology backed by Google Inc
.

* At the brink of an all-out labor war Thursday, National
Football League owners and the players union agreed to a 24-hour
extension of their collective-bargaining agreement, putting off,
for now, a potential season-threatening lockout.

* A top Renault SA official said the French auto
maker is no longer certain that its electric-car development
efforts were the target of corporate espionage, throwing doubts
on a high-profile case that cost three executives their jobs and
led the Chinese Foreign Ministry to issue an angry denial of any
involvement.

* Bain Capital, Kohlberg Kravis Roberts & Co , Bank
of America Corp and the brother of former Senate
Majority Leader William Frist are each in line to make nearly $3
billion from $1.2 billion investments in the 2006 leveraged
buyout of hospital chain HCA Holdings Inc.

* The chief executive of Beazer Homes USA Inc agreed
to repay $6.5 million and return tens of thousands of shares of
company stock as part of a settlement with the Securities and
Exchange Commission.

* Brazilian authorities are investigating a possible fraud
at a Sao Paulo financing company partly owned by a Goldman Sachs
Group Inc vice president.

* The board of BP PLC , criticized for its handling of
the Gulf of Mexico oil-well disaster, denied bonuses to three
top executives responsible for operations in the region and
promised steps to keep better tabs on the oil giant’s
management.

* Former investors of Bernard Madoff and a trustee
recovering money after his giant Ponzi scheme argued before an
appellate panel Thursday over who constitutes a victim entitled
to claim losses in the fraud.

(Compiled by Mary Meyase; Bangalore Equities Newsdesk +91 80;
4135 5800; within U.S. +1 646 223 8780)