PRESS DIGEST - Wall Street Journal - Jan 30

Wed Jan 30, 2013 2:18am EST

Jan 30 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

* U.S. President Barack Obama began rallying supporters Tuesday to back his immigration-overhaul plan, while Republican Senator Marco Rubio worked to persuade conservatives in his party to support a similar bipartisan plan that has gained momentum in the Senate.

* Chesapeake Energy Corp Chief Executive Aubrey McClendon is leaving the company he built into the country's second-biggest natural-gas producer, citing "philosophical differences" with a board of directors largely installed by shareholders to curb his risk-taking and free-spending ways.

* U.S. air-safety investigators Tuesday said they are stepping up microscopic and chemical examinations of the lithium-ion battery that caught fire aboard a parked Japan Airlines Boeing 787 three weeks ago, still seeking to determine whether internal defects may have played a role in the blaze.

* Amazon.com Inc posted a 45 percent drop in net income in the fourth quarter, but some other measures of the online retailer's profitability came as a positive surprise.

* The role Microsoft Corp would play in a privately owned Dell Inc is one of several issues being hashed out ahead of a final buyout agreement for the computer maker, people familiar with the negotiations said.

* Jefferies Group Inc handed Chairman and Chief Executive Richard Handler a $45.2 million payday, making him the best-paid financial-company leader for the second time in three years.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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