February 16, 2010 / 5:15 AM / 10 years ago

PRESS DIGEST - Wall Street Journal - Feb 16

Feb 16 (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.

* A dramatic turn in sentiment in favor of the dollar and against the euro continued Monday, with lingering fears of a possible European debt crisis pushing the greenback to its highest point in nine months.

* Toyota Motor Corp (7203.T) is considering ways to bolster procedures for checking the quality and reliability of cars and to do more to publicize incremental changes to cars already on the market.

* Bharti Airtel Ltd (BRTI.BO) said Monday it is in exclusive talks to buy most of the African assets of Kuwait’s Mobile Telecommunications Co (ZAIN.KW), based on an enterprise value of $10.7 billion, in the latest bid by India’s largest mobile phone operator by subscribers to enter a fast-growing market overseas.

* More waves of foreclosures will keep downward pressure on home prices in parts of the U.S. over the next several years, two new studies project.

* After taking steps to stem the public backlash against its social-networking service Buzz, Google Inc (GOOG.O) is planning further updates and considering changing how it tests new Buzz features.

* Mexican media giant Grupo Televisa TLVACPO.MX (TV.N) has acquired a 30 percent stake in Nextel Mexico for $1.44 billion, a move that allows Televisa to partner with a wireless carrier to bid for new wireless spectrum up for auction later this year.

* The gloom is lifting a bit from the Japanese economy, as sharp growth from China and other Asian neighbors is lifting exports and spurring more capital spending by the nation’s manufacturers, though Beijing’s recent moves to prevent overheating could limit Tokyo’s recovery.

* Royal Bank of Scotland Group Plc (RBS.L) created a unified fixed-income, currencies and commodities business, following the resignation of two of the most senior managers in its markets division.

* The New York Times is investigating one of its business reporters after discovering a pattern of plagiarism over the past year, the Times said in an Editor’s Note in Monday’s paper.

* L’Oreal SA’s (OREP.PA) profit dropped 8.2 percent in 2009, a punishing year in which the French cosmetics giant shifted focus to reach less-affluent consumers and lost market share.

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