PRESS DIGEST – Wall Street Journal – May 5

May 5 (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.

* A 30-year-old man pulled from a jetliner just before it
was to take off for Dubai admitted that he tried to detonate a
car bomb in New York’s crowded Times Square after learning how
to build bombs in a terrorist training camp in his native
Pakistan, authorities say.

* Some executives and powerful alumni of Goldman Sachs
Group Inc (GS.N: ) are talking about whether Chief Executive
Lloyd C. Blankfein can survive the legal and public-relations
storm swirling around the company.

* International stock and bond markets sank Tuesday,
dashing hopes that a weekend deal to bail out Greece would calm
investors and stop the government-debt crisis from spreading.

* Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) plans to begin selling digital books
in late June or July, a company official said Tuesday, throwing
the search giant into a battle that already involves
Inc (AMZN.O: ), Apple Inc (Read more about Apple stock future.) (AAPL.O: ) and Barnes & Noble Inc
(BKS.N: ).

* BP PLC (BP.L: ) Chief Executive Tony Hayward met with
lawmakers on Capitol Hill Tuesday, advancing the oil giant’s
campaign to avoid the sort of political backlash that has
engulfed companies such as Goldman Sachs Group Inc and Toyota
Motor Corp (7203.T: ).

* In a possible setback for scientists attempting to make
drugs out of a substance found in red wine, GlaxoSmithKline PLC
(GSK.L: ) said a clinical trial of one drug in cancer patients
has been halted due to safety concerns.

* Citigroup Inc (C.N: ) plans to launch a $200 million fund
for small-business lending in low- and moderate-income
communities, Citi officials said.

* U.S. and European bondholders are trying to recoup nearly
$170 million owed to them by China Milk Products Group Ltd.,
the latest in a wave of Chinese companies that have defaulted
on their debt since the beginning of 2009

* The Obama administration’s top health official is urging
state regulators and lawmakers to investigate whether WellPoint
Inc (WLP.N: ) made mathematical errors in justifying sharp rate
increases around the country.

* Massey Energy Co (MEE.N: ) directors have launched an
investigation into management’s handling of federal safety
violations over the past two years, stepping up pressure on
executives of the big coal company following a fatal mine
explosion last month.

* Early in the past decade, when its sales fell 11 percent
in two years, Honeywell International Inc (HON.N: ) laid off
31,000 employees, one-fourth of its work force, canceled plans
for new products and scaled back its global-expansion goals.
Those actions “decimated our industrial base,” Honeywell Chief
Executive David Cote recently told the company’s shareholders.

* News Corp’s (NWSA.O: ) fiscal third-quarter net income slid
69 percent from a year earlier, which included big one-time
gains, offsetting the success of “Avatar” and growth at the
company’s cable-television channels.

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PRESS DIGEST – Wall Street Journal – May 5