PRESS DIGEST - Wall Street Journal - June 23

June 23 (Reuters) - The following were the top stories in The Wall Street Journal on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.

* Netflix Inc's (NFLX.O) chief is racing to shift the DVD-rental company's business to make more movies available online. His position offers a rare look at how a CEO manages a still-hot business as its time runs out.

* At least three small, cash-strapped banks have stopped paying the U.S. government dividends that they owe because they got $315.4 million in capital infusions under the Troubled Asset Relief Program.

* The Obama administration is expected to disclose that Ford Motor Co (F.N), Tesla Motors Inc and Nissan Motor Co (7201.T) will be among the first beneficiaries of a $25 billion loan program created by Congress to help auto makers retool their factories to produce advanced-technology vehicles.

* Tim Cook, who has run Apple Inc (AAPL.O) while Steve Jobs has been on medical leave, has emerged as a star in his own right -- and one the company needs to make sure stays put.

* Ford Motor Co (F.N) is launching a revamped Taurus this summer, a big bet by Chief Executive Alan Mulally that he can revive an ailing model that once defined the American family sedan.

* Harvard's endowment, scalded in the financial crisis, is shying from some riskier bets even as markets had been improving -- and losing talent in the process. Marc Seidner, the head of domestic bond investing for Harvard Management Co, the company that manages the nation's largest endowment, is leaving along with a colleague, Michael Llodra.

* Mark Angelson, the former chief executive of R.R. Donnelley & Sons RRD.N, is expected to be named chairman of Quebecor World (IQW.TO), which is working to gain creditor approval for a plan that would allow the Canadian commercial printer to exit bankruptcy protection.

* The Securities and Exchange Commission filed civil fraud charges against co-owners of Cohmad Securities Corp, a brokerage entity that steered billions of dollars to Bernard Madoff Investment Securities and allegedly helped hide the Ponzi scheme from regulators.

* U.K.-based mining company Anglo American Plc (AAL.L) rejected rival Xstrata Plc's (XTA.L) proposal to merge and create a $67 billion giant, setting the stage for what could be a prolonged takeover dance.

* Deutsche Lufthansa AG (LHAG.DE) said it reached an agreement with Michael Bishop, the co-founder of British Midland Airways Ltd, to buy BMI in stages -- ending a dispute that has simmered for months.

* Kodachrome, the storied camera film that has documented historic events and everyday lives since the Great Depression, is about to fade into oblivion. Amid a long-running shift to digital photography, Eastman Kodak Co (EK.N) said Monday that because of plunging sales, it is ending production of the film it first introduced in 1935.