PRESS DIGEST - Wall Street Journal - April 10
April 10 |
April 10 (Reuters) - The following were the top stories in The Wall Street Journal on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
* The nation's major wireless providers have agreed to a deal with the U.S. government to build a central database of stolen cellphones -- part of a broad effort to tame an explosion of thefts nationwide.
* President Barack Obama and fellow Democrats plan to press Republicans this week to support a minimum tax on millionaires-known as the "Buffett Rule."
* AOL struck a $1.1 billion deal to sell and license hundreds of patents to Microsoft, spotlighting an escalating arms race among tech titans.
* The banks and other firms that collect payments from mortgage borrowers and handle their defaults are drawing scrutiny from a new U.S. regulator, following widespread abuses in foreclosures during the housing crisis.
* More regulatory action may be needed to safeguard the money-market mutual fund industry, Federal Reserve Chairman Ben Bernanke said in a speech Monday night.
* Donald Layton, the former chief executive of online brokerage firm E*Trade Financial Corp has emerged as the front-runner for the top job at Freddie Mac, the government-controlled mortgage-finance giant, according to people familiar with the matter.
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