PRESS DIGEST - Wall Street Journal - Feb 14
Feb 14 (Reuters) - 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.
* A Chinese facility that hasn't been inspected by the U.S. Food and Drug Administration made the active ingredient in much of the widely used Baxter International Inc (BAX.N) blood-thinner that is under investigation after reports of hundreds of allergic reactions and four deaths among the drug's users, the agency said Wednesday.
* The banking industry, struggling to contain the fallout from the mortgage debacle, is urgently shopping proposals to Congress and the Bush administration that could shift some of the risk for troubled loans to the federal government.
* Comcast Corp (CMCSA.O) will eliminate millions in compensation for founder Ralph Roberts and set his salary at $1 amid shareholder criticism.
* High prices of wheat and other grains are prompting food producers to seek government help for farmers to ratchet up production.
* Roger Clemens told a congressional panel that he never used steroids or human growth hormone. The baseball star said accuser Brian McNamee and longtime teammate and friend Andy Pettitte had "misremembered" events.
* News Corp NWSa.N is in talks with Yahoo Inc (YHOO.O) to swap ownership of MySpace and other online properties for a 20 percent stake. The talks could spur Microsoft Corp (MSFT.O) to raise its bid for Yahoo.
* Congress moved toward a showdown with U.S. President George W. Bush on national security as Democrats sent him a measure banning the use of waterboarding and threatened to let a temporary surveillance law expire while they negotiate a permanent version.
* Barack Obama released an economic package of tax cuts and spending aimed at the working and middle classes, with an estimated cost of more than $140 billion.
* The New York attorney general said his office plans to sue UnitedHealth Group Inc (UNH.N) as part of a broader investigation into the way the health-insurance industry sets payment rates for hospitals and doctors outside of their networks.
* A Hezbollah militant died in a car bombing in Syria. Imad Mughniyeh was the suspected mastermind behind most of the group's deadliest attacks over the last 25 years. Hezbollah blamed Israel for the killing.
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