PRESS DIGEST - Wall Street Journal - March 25

March 25 Mon Mar 25, 2013 3:07am EDT

March 25 (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.

* Cyprus secured a bailout from its international creditors early on Monday, ending a week of financial panic that threatened to see the small island nation become the first government to leave the euro zone. ()

* The euro surged against other major currencies on Monday in Asia trading after Cyprus secured a bailout from its international creditors. ()

* China Petroleum & Chemical Corp agreed to form a joint venture that will acquire $3 billion in oil and gas assets held by its state-owned parent in countries including Kazakhstan, Colombia and Russia. ()

* Apple Inc has acquired the indoor-GPS company WifiSLAM for about $20 million, a sign that a war over indoor mobile-location services is heating up. ()

* The Spanish government will impose heavy losses on investors at nationalized banks and hire external advisers to help it manage these banks' assets, its latest efforts to overhaul a financial sector battered by the collapse of a decadelong housing boom. ()

* JaguarLand Rover, which is owned by India's Tata Motors Ltd, on Sunday strongly denied it is preparing to raise $1 billion from Chinese investors with a bond issue in Beijing or Shanghai later this year. ()

* Private equity firm Gordon Brothers Europe agreed to buy the British arm of DVD-rental firm Blockbuster LLC, which had entered a form of bankruptcy in January. ()

* Some former partners of Howrey LLP have agreed to spend the next several months in settlement talks to avoid litigation over the defunct law firm's 2011 collapse. ()

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Comments (1)
Physician wrote:
As a woman physician and as an American, I condemn the Ford Motor Company for demeaning women in its recent ad showing 3 women bound and gagged in the trunk/boot of a Ford car in Ford India. I will never buy a Ford because of this cavalier attitude that Ford shows against women of the world. This treatment of women will bring irreparable damage to Ford.
Sincerely, Dr Rosemary McHugh, Chicago, Illinois, USA

Mar 25, 2013 11:57am EDT  --  Report as abuse
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