PRESS DIGEST - Wall Street Journal - Oct 22

Tue Oct 22, 2013 12:21am EDT

Oct 22 (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.

* President Barack Obama acknowledged Monday that widespread technical problems have prevented many Americans from using the federal government's new online health-insurance marketplaces, and he pledged to resolve the issues. He said that the law's overall potential shouldn't be measured by the website's rocky start. ()

* Saudi Arabia's intelligence chief told European diplomats that he plans to scale back cooperating with the U.S. to arm and train Syrian rebels in protest of Washington's policy in the region. ()

* JPMorgan is willing to pay a steep price to settle with the Justice Department over soured mortgage securities, but it is getting one thing it wanted: It won't have to pay heavy penalties for the sins of two companies it bought during the crisis. JP Morgan will pay roughly $2 billion in penalties that apply to its own conduct during the years before the financial crisis, and not any for problems it inherited from Bear Stearns Cos or Washington Mutual Inc. ()

* The CFTC has asked Deutsche Bank, Citigroup and others to trawl through their records as part of a global probe into possible currency-market manipulation and hand over any evidence of wrongdoing. ()

* A UK judge said he wouldn't renew a court order that prevented the Journal from publishing names of individuals the government planned to implicate in the Libor interest-rate manipulation case. ()

* RadioShack Corp is getting a financial boost from GE Capital on the cusp of the crucial holiday selling season, people familiar with the matter said. The General Electric unit will extend loans of about $835 million secured by existing assets, including inventory, to refinance outstanding bank debt. ()

* The Consumer Financial Protection Bureau is probing a lending business owned by eBay Inc that has been criticized for allegedly imposing excessive finance charges. ()

* Caesars Entertainment Corp disclosed Monday that federal regulators, continuing a crackdown on money laundering, are investigating the unit that operates its flagship hotel and casino in Las Vegas. ()

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.