PRESS DIGEST – Wall Street Journal – May 24

May 24 (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.

* German Chancellor Angela Merkel faces a growing popular
backlash over her handling of the European debt crisis that
could undercut efforts to forge closer integration of the euro
zone.

* The sudden downdraft in world markets demonstrates that,
despite more than a year of stock recovery, investor confidence
in the wake of the financial crisis remains uncommonly fragile.

* British Airways Plc (BAY.L: ) was finalizing contingency
plans ahead of a five-day strike due to start Monday, after the
failure of weekend talks to broker a deal with its flight
attendants.

* The Justice Department’s decision last week to abandon a
criminal probe against current and former executives at insurer
American International Group Inc (AIG.N: ) underscores the
difficulty facing prosecutors who want to hold individuals
criminally accountable for the financial crisis.

* Fresh from grappling with the aviation industry’s biggest
slump in years, Airbus Chief Tom Enders now faces the tricky
task of nurturing the company’s return to growth while making
sure it doesn’t get ahead of itself.

* The financial turmoil in Europe is providing an
unexpected windfall for American home buyers, as international
money seeking a safe haven is flowing into the U.S., pushing
domestic mortgage rates to the lowest levels of the year and
back near 50-year lows.

* China’s plan to upgrade its electricity network has
sparked intense competition among General Electric Co (GE.N: ),
Siemens AG (SIEGn.DE: ) and other foreign companies seeking a
foothold in what will soon be one of the world’s biggest
markets for advanced power transmission and distribution
systems.

* Drivers are likely to see gasoline pump prices drop
heading into the start of the U.S. summer driving season,
thanks to the plunge in crude-oil prices.

* Spain’s central bank moved Saturday to take over Roman
Catholic Church-controlled savings bank CajaSur, a big step
forward in its efforts to clean up the country’s ailing
mutually owned banks.

* Federal prosecutors will not bring criminal charges
against current and former American International Group Inc
(AIG.N: ) executives for their role surrounding financial
contracts that nearly brought down the insurer about two years
ago, according to people familiar with the matter.

* Treasury Secretary Timothy Geithner is bringing two
messages to officials in Berlin next week: be more sensitive to
potential market reactions to policy moves, and work faster on
the massive European rescue program that German lawmakers
blessed Friday, approving the country’s 147.6 billion euros
($182.93 billion) contribution.

* Goldman Sachs Group Inc (GS.N: ) and the Securities and
Exchange Commission aren’t close to reaching a settlement that
would end the fraud lawsuit against the company and trader
Fabrice Tourre, according to people familiar with the
situation.

Stock Report

PRESS DIGEST – Wall Street Journal – May 24