PRESS DIGEST - Wall Street Journal - May 28
May 28 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
* Investors are pressuring lenders to take back home loans that default unusually fast or contained mistakes or fraud, the result of provisions in many loan sales.
* Sen. Barack Obama laid out his plan to provide a $30 billion economic-stimulus package to help homeowners during a visit to Nevada. The Illinois senator is emphasizing his housing plans in Western swing states hit hard by the mortgage crisis.
* InBev's INTB.BR potential bid for Anheuser-Busch Cos Inc (BUD.N) could face resistance from Anheuser employees as well as U.S. politicians.
* Pentagon auditors said they have been unable to oversee tens of billions of dollars in military spending because of manpower shortfalls, the Defense Department's inspector general, Stuart Bowen, said in a report.
* Microsoft Corp (MSFT.O) unveiled the next version of its Windows operating system, demonstrating a touch-screen technology that could spawn a new class of personal computers in coming years.
* Moody's Corp (MCO.N) employees may be fired if the firm finds that errors in calculating credit ratings for certain products were covered up, people familiar with the matter said, marking a turn away from the firm's more-defensive stance for months.
* Vittorio Colao succeeds Arun Sarin as Vodafone Group Plc's (VOD.L) CEO as the world's largest wireless operator faces slow growth in Europe. Among his top tasks: expand business in emerging markets and manage a complex relationship with Verizon Communications Inc (VZ.N).
* JetBlue Airways Corp (JBLU.O), in a bid to preserve liquidity and slow its capacity growth as oil prices continue to rise, said it will defer deliveries of 21 Airbus jetliners for as long as five years, reducing the number of new A320s it will take into its fleet to 11 between next year and 2011.
* Home prices tumbled 14 percent in the first quarter, according to the national S&P/Case-Shiller indexes. Las Vegas, Miami and Phoenix had the weakest markets. Separately, new home sales rose in April.
* With gasoline costing upward of $9 a gallon in parts of Europe, protests are putting governments under pressure to cut the taxes that make up much of the price of fuel.
