PRESS DIGEST - Wall Street Journal - July 9

July 9 (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.

* World-wide revenue from YouTube ads has fallen short of Google Inc's (GOOG.O) expectations this year, and is likely to total about $200 million for the full year, according to two people familiar with the matter.

* U.S. prosecutors are investigating whether two former Credit Suisse (CSGN.VX) brokers lied to investors regarding investments in short-term securities.

* Former Clinton strategist Mark Penn and former Bush adviser Karen Hughes are teaming up to create a bipartisan consulting organization to advise corporations in crisis -- as they work to burnish their own reputations as well.

* Yahoo Inc (YHOO.O) Chief Executive Jerry Yang accused Microsoft Corp (MSFT.O) of trying to destabilize the Internet company without a real desire to complete a deal, and he responded sharply to recent comments by investor Carl Icahn.

* Federal Reserve Chairman Ben Bernanke outlined sweeping measures designed to shore up mortgage lending. The proposals may give the central bank broader authority and extend its emergency credit facility program for Wall Street banks.

* The soaring cost of food increased the number of hungry people in the world by 122 million in 2007 and now threatens to swell the malnourished population for a decade, the U.S. Department of Agriculture said.

* Crude-oil futures fell $5.33 to $136.04 a barrel, their largest single-day drop in dollar terms since 1991, as investors confronted with economic turmoil cashed in on last week's highs.

* Steve & Barry's is expected to file for Chapter 11 bankruptcy protection, a collapse of a fast-growing retailer that stands to hurt everyone from fashion icon Sarah Jessica Parker to the nation's struggling mall owners.