PRESS DIGEST - Washington Post Business - July 8

WASHINGTON, July 8 (Reuters) - The Washington Post included the following items on the front page of its business section on June 8.

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The Federal Reserve and the Securities and Exchange Commission reached a formal agreement to coordinate their oversight of Wall Street, as the government attempts to build a new system to guard against a meltdown of the financial system.

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The United States is negotiating deals with European countries to exchange fingerprint and DNA data in criminal and terrorist cases, and in some circumstances to transfer data on race or ethnic origin, political and religious beliefs or sexual orientation.

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Investigators who spent nearly a month searching for the cause of a salmonella outbreak in tomatoes are now holding and testing shipments of imported jalapenos at the Mexican border in hopes of finding the outbreak strain.

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The Bush administration and the Securities and Exchange Commission are pressing forward with a plan that would allow American companies to opt out of using U.S. accounting standards in favor of international ones as a way to ease global business dealings and help corporations raise capital around the world.

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General Motors, clinging to its slim sales lead over Toyota, needs at least $10 billion to fund the company until a projected return to profitability in 2010, analysts say.

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