PRESS DIGEST - Wall Street Journal - July 9
July 9 (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.
* Egypt's Muslim Brotherhood accused the country's military of massacring dozens of its supporters during dawntime prayers, as Egypt's deadliest clashes in years between the army and Islamists pushed the country toward armed conflict. ()
* Apartment landlords are continuing to raise rents, but there are signs that the pace is slowing. Analysts say the next few months will be key in determining whether landlords are losing the upper hand in the rental market, which they gained after the housing bust and recession prompted a wave of homeowners to become renters. ()
* The UK Treasury said Monday in a report on its efforts to overhaul the nation's banking industry that it is proposing a criminal law to punish "reckless" misconduct by senior bankers. The Treasury also said it was working with regulators to ensure bonuses can be deferred for up to 10 years, and clawed back when a bank is bailed out by the government. ()
* A U.S. district judge said he would tentatively allow the Justice Department's lawsuit against Standard & Poor's Ratings Services to move forward, a boost to one of the U.S. government's biggest financial-crisis-era cases. ()
* China saw an upturn in consumer inflation in June, but it wasn't enough to alarm policy makers grappling with sluggish economic growth and trying to push ahead with longer-term economic overhauls. Chinese officials have shown little inclination to use their once-favored policy tool of heavy government spending in response to the rising consumer price inflation. ()
* Two weeks ago Barnes & Noble Inc scratched its big ambitions to become a player in the tablet hardware business. On Monday, the retailer's CEO, William Lynch, was out the door. He resigned in the wake of last month's news that losses at the bookseller's Nook digital business had more than doubled for the quarter ended April 27. ()
* Michael Dell's controversial plan to take Dell Inc private won key endorsements on Monday that, if the momentum continues, would put the founder on a track to tackle his next big task: pulling off a revival of the troubled computer maker. ()
* Video site Hulu attracted binding bids from DirecTV , a partnership of AT&T Inc and Chernin Group, and a partnership of Guggenheim Digital Media and private equity firm KKR. ()
* Wynn Resorts said the SEC wouldn't recommend a civil enforcement action following an informal investigation into the company's pledge to donate $135 million to a university in Macau. ()
* India is reviewing a policy that mandated electronic goods purchased by the government contain a certain proportion of locally made hardware. ()
- Putin dissolves state news agency, tightens grip on Russia media
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters want power now |
- Record cold, ice grip U.S.; more snow to blanket East
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'