PRESS DIGEST – Wall Street Journal – Sept 8

Sept 8 (BestGrowthStock) – The following were the top stories in
The Wall Street Journal on Wednesday. Reuters has not verified
these stories and does not vouch for their accuracy.

* Insurers nationwide plan to raise premiums on some
Americans as a direct result of the health overhaul as soon as
next month, complicating Democrats’ efforts to trumpet their
signature achievement ahead of elections.

* Hewlett-Packard Co (HPQ.N: ) sued to block its former chief
executive from joining rival Oracle Corp (ORCL.O: ) as a senior
executive, alleging Mark Hurd’s hiring breaches his exit
agreement and will lead to a transfer of its trade secrets to a
competitor.

* Global banking regulators appear poised to demand larger
reserves, which they believe will prevent a future financial
crisis, and reserves of higher quality, under so-called Basel
3.

* As food and consumer-goods companies face problems
obtaining the key ingredient palm oil without damaging the
environment, Unilever (ULVR.L: ) (UNc.AS: ) is betting on a
promising low-life alternative: algae.

* For American business, it’s a two track economy, with
global players getting big boosts from fast-growing foreign
markets, while companies focused on the U.S. are hemmed in by
recession-scarred consumers

* Securities and Exchange Commission Chairman Mary Schapiro
said the agency is looking at a practice others have called
“quote stuffing” to assess whether it violates “existing rules
against fraudulent or other improper behavior.”

* Microsoft Corp (MSFT.O: ) co-founder Bill Gates and
billionaire investor Warren Buffett plan to sell the art of
giving to China’s super rich in a visit later this month that’s
already sparked some soul searching among the world’s
second-largest number of billionaires.

* Looking to tap into Web surfers’ privacy concerns, new
companies are popping up to help people browse the Internet and
send messages anonymously. But these companies face a major
challenge: getting people to pay for Web-privacy software.

* Mall owner General Growth Properties Inc (GGP.N: ), which
hopes to exit bankruptcy by next month, will soon launch a
search for a new CEO and an operations chief.

* BP PLC’s (BP.L: ) report on its investigation into the
Deepwater Horizon disaster will assign some of the blame to
itself but also hold other companies responsible for the
various decisions that led to the explosion, according to a
person familiar with the matter.

* China ramped up its purchases of Japanese government
bonds in July, likely adding to speculation that the growing
money flow could be contributing to the yen’s recent strength
and lower government bond yields.

PRESS DIGEST – Wall Street Journal – Sept 8