PRESS DIGEST - Wall Street Journal - Oct 30
Oct 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. officials said electronic spying that ignited a political firestorm in France and Spain recently was carried out by their own intelligence services and not by the NSA. The phone records were shared with the U.S. ()
* Problems surrounding the launch of the federal health-care law broadened, as concerns that thousands of Americans are getting insurance-cancellation notices bubbled over at a hearing on Capitol Hill. ()
* SAC Capital will plead guilty to securities fraud as part of a landmark criminal insider-trading settlement with federal prosecutors set to be announced by next week. ()
* Dutch lender Rabobank agreed to pay $1.07 billion to settle accusations that it skewed key financial benchmarks and its chief executive resigned, the latest casualty of a global interest-rate-rigging scandal. ()
* A multibillion-dollar settlement between JPMorgan Chase and the U.S. over soured mortgage bonds is at risk of collapsing because of disagreements related to a criminal probe of the bank and its effort to get penalties reimbursed by a government-controlled fund, according to people familiar with the discussions. ()
* Operators of U.S. truck fleets are accelerating a shift to natural gas fueled trucks, betting on new engines that promise to drop the cost of shifting from diesel fuel. ()
* BlackBerry Ltd executives flew to California to meet with Facebook Inc last week to gauge its interest in a potential bid for the struggling smartphone maker, according to people familiar with the matter. ()
* Google Inc's smartwatch is in late-stage development and the company is in talks with Asian suppliers to begin mass production of the device, people familiar with the matter said. ()
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters want power now |
- Bitter cold, ice slam U.S. East Coast; South still freezing
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Venezuela's Maduro to raise pressure on business after local vote