PRESS DIGEST – Wall Street Journal – Nov 4

Nov 4 (BestGrowthStock) – The following were the top stories in The
Wall Street Journal on Thursday. Reuters has not verified these
stories and does not vouch for their accuracy.

* The U.S. Federal Reserve, in a dramatic effort to rev up
a “disappointingly slow” economic recovery, said it will buy
$600 billion of U.S. government bonds over the next eight

* Canada provisionally rejected BHP Billiton’s (BHP.AX: )
$38.6 billion bid to buy Potash Corp (POT.TO: ) in a surprise
decision that could signal heightening political pressure on
Stephen Harper’s government amid widespread concern over the
control of natural resources.

* Food packagers and retailers want consumers to shoulder
more of the burden of rising costs for ingredients. But price
increases are tricky when the economy remains weak.

* Come January, the House will be composed of an energized
conservative Republican majority and a more liberal Democratic
minority. At the same time, a closely divided Senate could make
it harder to pass most bills.

* U.S. President Barack Obama took responsibility for the
“shellacking” Democrats endured on Election Day and promised to
negotiate with resurgent Republicans on issues including taxes,
energy and education.

* The U.S. Securities and Exchange Commission voted to bar
broker-dealers from granting traders unfiltered access to an
exchange or trading venue, an arrangement known as “naked

* Several major automakers reported significant jumps in
new-vehicle sales in October amid stronger buying by American
consumers. Toyota Motor Corp (7203.T: ), however, saw sales fall.

* Morgan Stanley (MS.N: ) (Read more about the money market today. ) Chief Executive James Gorman told
investors that the company could delay plans to purchase part
of the 49 percent stake in brokerage firm Morgan Stanley Smith
Barney that it doesn’t already own.

* Wall Street bonuses are set to rise about 5 percent this
year, fueled by increases to compensation for employees in
hedge funds, retail banking and private equity that offset
declines for those in stock and bond trading, according to a
survey by compensation consultants Johnson Associates Inc.

* China’s growth should push up the value of the yuan over
time, most economists say, but the pace of its journey will in
the end be decided by the back-and-forth of politicians.

* Get ready for a confusing new war of words in the
cellphone business. While many American consumers are still
scratching their heads over what exactly to make of current 3G
mobile technology, carriers are already aggressively rolling
out claims of faster, next-generation service on networks
they’re spending billions of dollars to upgrade.

PRESS DIGEST – Wall Street Journal – Nov 4