Do More With Reuters
Partner Services

PRESS DIGEST - Wall Street Journal - June 29

Mon Jun 29, 2009 10:20am IST
 
Email | Print | | Single Page
[-] Text [+]

June 29 (Reuters) - 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.

* A look at why the U.S.'s toxic-asset program has stumbled underscores how difficult it has been to solve one of the economy's biggest problems: Mountains of bad debt sitting on banks' books.

* The latest delay to hit Boeing Co's (BA.N: Quote, Profile, Research) 787 Dreamliner has complicated an intricate set of negotiations, giving airlines a chance to wrangle concessions from the plane maker on delivery dates, installment payments and even the final purchase price.

* General Motors Corp's GMGMQ.PK Saturn is set to be sold to a new owner later this year, but for now, GM has asked Saturn not to trumpet the Penske Automotive Group (PAG.N: Quote, Profile, Research) connection.

* Even after a huge junk-bond rally this spring, yields are at historically lofty levels. That might make the high-yield market appear attractive, but some are urging caution.

* Two of the country's largest human-resources consulting firms, Towers Perrin Forster & Crosby and Watson Wyatt Worldwide Inc (WW.N: Quote, Profile, Research), agreed to merge in a deal reflecting recession-induced consolidation in the consulting industry.

* Hundreds of laid-off U.K. workers got their jobs back this week after organizing mass protests at energy plants across the country, coordinated through text messages and social-networking Web sites.

* Valero Energy Corp (VLO.N: Quote, Profile, Research), which has the capacity to process more crude than any other U.S. refiner, recently installed 33 windmills to supply a refinery with green electricity to produce gasoline and diesel.

* Twitter users have caused an uproar by impersonating celebrities on the popular micro-blogging service. Businesses, too, are targets of fake Twitter profiles -- sometimes from competitors.  Continued...

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article