PRESS DIGEST – Wall Street Journal – Nov 29

Nov 29 (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.

* Europe sealed a $90 billion bailout of Ireland and for
the first time crafted a blueprint for rescues from 2013 on
that could have private-sector creditors bearing some of the
cost.

* The popularity of the VIX index, which has become a
widely watched barometer of investor fear since the financial
crisis, is generating a host of spinoffs, copycats and
derivatives.

* Price pressures have been building in emerging markets,
which could force central banks to tighten aggressively,
upending predictions about asset prices and currency levels.

* Congressional Democrats, under pressure from their
liberal wing, are preparing to put up a fight over tax relief
for wealthier Americans before they agree to any compromise
with Republicans that could extend the Bush-era breaks.

* The three-week trial in federal court is a showdown over
the complex computer programs used by investment banks, hedge
funds and other securities firms to squeeze more profits from
their trading operations.

* The publication of a quarter-million secret diplomatic
cables exposed years of U.S. foreign-policy maneuvering that
could prove embarrassing to the U.S. and its allies, especially
in the Islamic world.

* The surge in lawsuits against people who aren’t paying
their bills is driven by a debt-buying industry that has boomed
in the past three years amid a sea of souring loans.

* China said mounting tensions on the Korean peninsula in
the wake of a deadly North Korean artillery attack on the South
are “worrying” and called for emergency consultations in
Beijing.

* Online news organization Salon.com is exploring
opportunities to merge with or be acquired by another media
company, an acknowledgment of the perilous economics of running
a free-standing online news organization.

* BP Plc (BP.L: ) said it is selling its stake in
Argentina-based oil and gas company Pan American Energy for
$7.06 billion as part of a divestment plan designed to pay for
the Gulf of Mexico oil spill.

* Spurred by incentives in the federal health-overhaul law,
hospitals and doctors around the country are beginning to
create new entities that aim to provide more efficient health
care. But these efforts are already raising questions about
whether they can truly save money, or if they might actually
drive costs higher.

* Shell Oil Co, the U.S. arm of the European oil giant
Royal Dutch Shell PLC (RDSa.L: ), has put its South Texas gas
fields on the block, and a sale could fetch roughly $1 billion,
people familiar with the matter said.

PRESS DIGEST – Wall Street Journal – Nov 29