PRESS DIGEST – Wall Street Journal – May 19

May 19 (BestGrowthStock) – The following were the top stories in
The Wall Street Journal on Wednesday. Reuters has not verified
these stories and does not vouch for their accuracy.

* Germany is banning some bearish bets on sovereign bonds
and certain financial stocks in an effort to quash speculation
that it says creates “excessive price movements” that endanger
the stability of the financial system.

* Regulators on Tuesday proposed new curbs to tame
volatility in individual stocks, in an initial response to the
May 6 “flash crash” that caused some shares to fall to as low
as one penny.

* European finance ministers approved new regulations aimed
at reining in hedge funds, the latest sign of toughened
oversight of powerful players in global financial markets.

* A backlash over Facebook Inc’s privacy practices has
triggered disagreement inside the company that could force
Chief Executive Mark Zuckerberg to scale back efforts to
encourage users to share more about themselves in public.

* U.K. consumer price inflation accelerated to its highest
level in April since November 2008, requiring Bank of England
governor Mervyn King to write an explanatory letter to the

* Government-controlled American International Group Inc
(AIG.N: ) has appointed Henri Courpron, an aviation investment
banker and former top Airbus executive, as chief executive of
its giant airplane-leasing unit, International Lease Finance

* The euro slumped to a four-year low against the dollar on
Tuesday as investors balked at a move by Germany to ban certain
kinds of bearish trades against stocks and bonds.

* The head of the Senate Banking Committee proposed
diluting a controversial provision in the Senate’s financial
regulation overhaul bill that would ban banks from trading

* .S. home prices will begin a gradual recovery by next
year, according a survey of 92 economists and other housing
analysts by MacroMarkets LLC.

* Oprah Winfrey, one of the most powerful brands in media,
has begun setting up a so-called family office to handle her
personal investments, according to people familiar with the
situation. Her first hire: Peter Adamson, a well-regarded
investor who currently serves as chief investment officer for
Eli Broad, the Los Angeles billionaire and philanthropist.

* Treasury Secretary Timothy Geithner plans to press
Chinese officials to improve the climate for U.S. firms trying
to do business in China during a high-level dialogue in Beijing
next week.

* Royal Dutch Shell Plc (RDSa.L: ), seeking to reassure
nervous U.S. officials, said it would heighten safety measures
for its planned exploratory drilling in Alaska’s Arctic Ocean.

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PRESS DIGEST – Wall Street Journal – May 19