PRESS DIGEST – Wall Street Journal – Nov 8

Nov 8 (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.

* Prime Minister David Cameron leads the U.K.’s
largest-ever business delegation to China on Monday, hoping to
cash in on what has become a steady relationship between the
two countries in recent years.

* A Securities and Exchange Commission investigation of
soured Citigroup Inc (C.N: ) debt funds has subpoenaed former
in-house brokers, some of whom contend the bank misled
investors about how risky the funds were, according to people
familiar with the matter.

* Japanese Prime Minister Naoto Kan is hoping to use his
first big moment as an international host to prod his country
to take a bigger leadership role in the region and to make
difficult decisions to open up its economy and dismantle
agricultural protection – long a stumbling bock to Japans’
trade liberalization effort.

* In a deal that underscores the growing competition to
capture a consumer shift toward buying bulk items online, Inc (AMZN.O: ) is poised to acquire Quidsi Inc, the
parent company of and, according to a
person familiar with the matter.

* AOL Inc (AOL.N: ) has hired financial advisers to explore
various strategic options for the company, one of which
includes a possible tie-up with bigger rival Yahoo Inc
(YHOO.O: ), people familiar with the matter said.

* Prime Minister Naoto Kan joined the growing chorus of
world leaders complaining about the side effects of American
economic policy, tying the Japanese yen’s strength to
Washington’s aggressive stimulus efforts – and implying that
the U.S. should be accepting of Japan’s own controversial moves
to halt the yen’s rise.

* The record-low interest rates that have been a boon for
borrowers are becoming a major headache for insurance
companies, which are warning of lower profitability if rates
stay at current levels through next year or beyond.

* Investors this week will weigh Treasury demand in the
wake of the Federal Reserve’s stimulus plan as they focus on
the first full round of U.S. government-bond auctions after the
Fed unveiled its latest bond-buying program.

PRESS DIGEST – Wall Street Journal – Nov 8