PRESS DIGEST – Wall Street Journal – Nov 2

Nov 2 (BestGrowthStock) – The following were the top stories in The
Wall Street Journal on Tuesday. Reuters has not verified these
stories and does not vouch for their accuracy.

* Whatever Tuesday’s results, 2010 will be remembered as
the year of the tea party. The movement brought dozens of new
politicians to the fore, redefined national debate and put
Democrats on the defensive.

* Some high-level Democrats are calling for U.S. President
Barack Obama to remake his inner circle or even fire top
advisers in response to what some party leaders feared could be
a crippling losses.

* The U.S. will cut its ownership stake in General Motors
below the symbolically important 50 percent to about 35 percent
when the car maker relists its stock later this month, but it
will be tough for the U.S. to break even on its investment.

* The U.S. Federal Reserve’s move to print money to begin a
new round of bond-buying is aimed at lowering long-term
interest rates to give the economy a lift. But inside and
outside the Fed, there is an unusual divergence of opinions on
how much good it will do.

* A Virginia lawmaker asked the state’s attorney general to
launch an investigation of Mortgage Electronic Registration
Systems, the middleman firm in millions of court filings that
helps keep the mortgage-securitization machine moving.

* Cantillon Capital’s William von Mueffling, who profited
by shorting stocks, has altered his investment philosophy, and
now oversees $5 billion after going long-only.

* Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) sued the Department of the Interior,
alleging the agency favored rival Microsoft Corp (MSFT.O: ) in
setting criteria for bids to provide a new email system. The
suit, filed in the U.S. Court of Federal Claims, argues the
agency’s request was written to exclude Google’s online
services, Google Apps, by stating the system had to include the
Microsoft Business Productivity Online Suite.

* The massive City Center casino complex opened in Las
Vegas last December amid the steepest decline in tourism there
in decades. Now, its owners are still scrambling to figure out
how to fix the 67-acre development’s financial problems.

* Ghana’s state-owned oil company and China’s Cnooc Ltd
(0883.HK: ) made an unsuccessful joint bid of $5 billion for a
U.S. company’s stake in one of Africa’s most promising oil
regions, an official of the Ghanaian company said Monday.

* Turkey’s stock-market watchdog opened an investigation
Monday of Mark Mobius, a major investor in Turkish assets,
after his remarks last week predicting a sharp correction in
the Turkish market, the state newswire Anadolu Ajansi
reported.

PRESS DIGEST – Wall Street Journal – Nov 2