PRESS DIGEST – Wall Street Journal – Oct 15

Oct 15 (BestGrowthStock) – The following were the top stories in
The Wall Street Journal on Friday. Reuters has not verified
these stories and does not vouch for their accuracy.

* The mortgage-foreclosure crisis spilled into the
financial markets, driving down bank stocks and weighing on
mortgage bonds as investors take a grim view of the potential
costs.

* Former Countrywide Financial chief Angelo Mozilo and two
other former executives are in talks with the U.S. Securities
and Exchange Commission to settle civil fraud charges days
before the scheduled trial start.

* Swiss shipping and logistics company Panalpina Group
(PWTN.S: ) and Royal Dutch Shell PLC (RDSa.L: ), one of its
customers, are close to settling foreign-bribery charges
stemming from a three-year U.S. investigation, said people
familiar with the matter. It could be the first in a series of
such settlements by major multinational companies.

* As Britain grapples with a massive budget deficit, U.K.
Prime Minister David Cameron is intent on weaning Britain off
public money in hopes of reviving private enterprise.

* Yahoo Inc (YHOO.O: ) is sounding out the seriousness of
potential suitors as its stock continued to rise on the news.

* Private investors are creating a stir as they become
increasingly involved in building bridges and roads and buying
public properties — even proposing projects that communities
did not ask for.

* Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) posted a 32 percent jump in
third-quarter profit (Read more your timing to make a profit.), as the Internet giant sold online ads at
higher rates than a year ago and more Web surfers clicked on
those ads.

* Economists at Dutch bank NIBC estimate that at least 18
countries around the world have intervened to depress their
currencies over the past few weeks. In some of the countries
that haven’t, such as the U.S. and Britain, central banks are
preparing to engage in another round of quantitative easing, or
printing money — a move that would also depress currency
values.

* Apple Inc (Read more about Apple stock future.) (AAPL.O: ) will start selling the iPad through
Verizon Wireless stores later this month, establishing a
relationship between the two companies and expanding
distribution of the tablet computer ahead of the holidays.

* Seagate Technology Inc (STX.O: ) said it is in discussions
with a suitor interested in taking the company private in an
unusual deja vu for the computer disk drive maker.

* Currency markets, seeing few signs global financial
officials made progress in defusing tensions in last weekend’s
talks in Washington, Thursday resumed their seemingly
relentless determination to push down the U.S. dollar,
particularly against currencies of emerging markets.

* Wal-Mart Stores Inc (WMT.N: ) remains a pariah to U.S.
labor unions and urban activists who continue to hold the
world’s largest retailer to a different standard than rival
Target Corp (TGT.N: ) as they block its plans to expand into the
nation’s biggest cities.

PRESS DIGEST – Wall Street Journal – Oct 15