PRESS DIGEST – Wall Street Journal – Nov 1

Nov 1 (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.

* Companies are likely to face a tougher road to profit
growth next year, boding ill for new hiring, after posting some
of their healthiest profit margins in years so far in the third
quarter.

* Investors have bid up shares in anticipation of Tuesday’s
U.S. election and Wednesday’s expected U.S. Federal Reserve
announcement of new quantitative easing. But now that the
moment is upon us, Wall Street is worried that it overdid
things.

* China’s top lender Industrial and Commercial Bank of
China (ICBC) (0349.HK: ) (601398.SS: ) paid $1 to acquire the Prime
Dealer Services unit of Fortis Securities from BNP Paribas
(BNPP.PA: ). That makes it the first Chinese bank to buy a
foreign broker-dealer.

* Facebook said a data broker has been paying application
developers for identifying user information, and that it had
placed some developers on a six-month suspension because of the
practice.

* Bank of America Corp (BAC.N: ) employees are slogging
through 102,000 foreclosure files, one of the side effects of
the bank’s 2008 acquisition of Countrywide.

* Iowa’s Tom Miller, leading the nationwide probe into the
foreclosure mess, is confronting the reality of how hard it is
to get all 50 state attorneys general to agree on anything.

* A U.S. regulatory crackdown that followed an April mining
explosion that killed 29 workers in West Virginia is cutting
into profits at coal mining companies. More-frequent
inspections and delays in getting mining plans approved are
adding to costs for all companies, following the explosion at a
Massey Energy Co (MEE.N: ) mine in Montcoal, West Virginia, that
was the worst U.S. coal mining disaster in 40 years.

* A new law that provides financial incentives for
employees to tell regulators about securities fraud and other
wrongdoing threatens to increase costs for companies and
undermine internal fraud detection efforts launched under the
2002 Sarbanes-Oxley law, corporate lawyers and advisers say.

* What will likely be the last, best chance for former
Enron Corp President Jeffrey Skilling to get out of prison soon
is scheduled to be heard in a Houston federal court on Monday.

* Apple Inc (Read more about Apple stock future.) (AAPL.O: ) sued Motorola Inc (MOT.N: ), alleging
that the company’s smartphone lineup and the operating software
it uses infringe on the iPhone-maker’s intellectual property.

* Cablevision Systems Corp (CVC.N: ) and Fox Networks reached
an agreement ending a two-week stalemate marked by heated
rhetoric, political pressures and missed sporting events.

* Google Inc (Read more about Google Stock Analysis)’s (GOOG.O: ) dominant position in Web search
isn’t deterring other entrants. The latest, Blekko Inc, hopes
to attract users by narrowing search results.

* On Tuesday, the U.S. Supreme Court’s nine real-life
justices will consider whether to strip First Amendment
protection from violent videogames that critics say appeal to
the deviant interests of children.

* The foiled mail bombing plot by suspected al Qaeda
militants in Yemen has added urgency to a White House review of
military options that include giving the CIA more control of
special operations.

PRESS DIGEST – Wall Street Journal – Nov 1