PRESS DIGEST – Wall Street Journal – Sept 9

Sept 9 (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.

* President Barack Obama capped a rollout of new economic
policies with a combative speech Wednesday that tipped the
Democratic plan for the fall campaign: attack the Republicans’
policies and try to monopolize the economic message until
Election Day.

* Hewlett-Packard Co (HPQ.N: ) and other companies are
filling the bond market with fresh debt. An estimated $51
billion in corporate bonds and leveraged loans have hit the
market in two days. Yield-hungry investors are buying.

* Goldman Sachs Inc (GS.N: ) agreed to a fine of nearly $31
million as part of an investigation by the Financial Services
Authority that began shortly after U.S. regulators accused the
firm in April of fraud.

* Ireland’s troubled banking system became the latest flash
point in Europe’s continuing economic crisis, as the government
said it would split up the weakest of its major banks to stave
off a run by depositors.

* While big banks are showing signs of recovering from the
financial crisis, the outlook is worsening for many of the
country’s smaller community banks.

* BP PLC’s (BP.L: ) long-awaited internal investigation into
the explosion of the Deepwater Horizon drilling rig found that
the British oil giant bears some responsibility for the
disaster but laid most of the blame on its contractors.

* Taking advantage of vacant mall space, Toys “R” Us Inc
(TOYS.N: ) is opening 600 temporary shops — or “pop-up stores”
— this fall, a move that doubles the number of its U.S. stores
for the crucial holiday season.

* Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) on Wednesday introduced a change to
its widely used Web search engine intended to speed up the time
it takes to find and deliver results as it continues to fend
off antitrust regulators’ inquiries about the service.

* The ousted Hewlett-Packard Co (HPQ.N: ) chief executive,
who started his new role at Oracle Corp (ORCL.O: ) on Tuesday,
reports to Oracle CEO Larry Ellison — marking the first time
Mr. Hurd has had a boss to answer to since 2003, when he became
CEO of NCR Corp (NCR.N: ).

* The Federal Reserve said Wednesday that its survey of
economic conditions in the central bank’s 12 districts, which
covers mid-July through August, found “widespread signs of a
deceleration compared to preceding periods.”

* Intel Corp (INTC.O: ) Chief Executive Paul Otellini is
making acquisitions to compete beyond PCs.

* Bank of China Ltd (601988.SS: ) (3988.HK: ) said Wednesday
the China Banking Regulatory Commission approved its planned
rights issue of Shanghai-listed A shares and Hong Kong-listed H
shares.

PRESS DIGEST – Wall Street Journal – Sept 9