PRESS DIGEST – Wall Street Journal – May 14

May 14 (BestGrowthStock) – 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.

* BP Plc’s (BP.L: ) chief said the company could have done
more to prepare for a deepwater oil leak, as the British oil
giant met with affected residents Thursday and embarked on
fresh efforts to stem the vast slick now threatening the Gulf
of Mexico shoreline.

* The Senate approved a provision that would thrust the
government into the process of determining who rates complex
bond deals, in a move to end alleged conflicts of interest
blamed by some for worsening the financial crisis.

* Europe’s nearly $1 trillion rescue plan seems to have
quieted the government debt storm for the time being. But
another problem may be brewing as Britain and the euro
countries tackle their still unresolved fiscal problems: rising
inflation rates.

* Europe’s nearly trillion-dollar rescue fund has eased the
economic pressure on nations at the euro-zone’s periphery, but
a deeper problem is making it difficult for those countries to
escape their huge debts – a lack of growth. The problem is a
particular concern for Italy, Europe’s most heavily indebted
country.

* The big U.S. wireless carriers- risking profits for
growth – are moving more aggressively into the low end of the
cellphone market: Selling services to consumers without
requiring them to sign contracts.

* Attorneys on Thursday offered a federal judge a snapshot
of the many hurdles likely to arise in the massive litigation
against Toyota Motor Corp (7203.T: ), as they launched an
aggressive campaign to win lead roles in representing
plaintiffs.

* Goldman Sachs Group Inc (GS.N: ) has jumped into an effort
to save a Chicago bank whose efforts to expand lending in poor
communities have high-profile supporters in Washington and
Chicago.

* All real estate is local but the competition is heating
up among New York brokers to find a way to reach international
buyers with money to spend.

* Russian aluminum company United Co Rusal Plc (0486.HK: )
(RUAL.PA: ) said Friday it swung to a first-quarter net profit
compared with a year earlier due to higher aluminum prices.

* The price of imports flowing into the U.S. notched their
largest gain in three months, but there is little indication
those higher prices are being passed through to consumers.

* Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) Chief Executive Eric Schmidt tried to
reassure his shareholders Thursday, saying the company’s
business in China was stable and he expects the acquisition of
mobile advertising company AdMob Inc to pass regulatory muster.

* Procter & Gamble Co (PG.N: ) is scrambling to put out an
Internet wildfire over the safety of its new Pampers diapers, a
crucial brand that accounts for about 11 percent of the
company’s revenue.

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PRESS DIGEST – Wall Street Journal – May 14