PRESS DIGEST - Wall Street Journal - Sept 25

Fri Sep 25, 2009 7:53am BST
 
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Sept 25 (Reuters) - The following were the top stories in The Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

* The G-20 is near an agreement to improve coordination of economic policies, in what would be a significant change to the world economy.

* The figure at the center of Wall Street's latest insider-trading scandal also played a key role in the daring 1979 rescue of two hostages held in Iran that was orchestrated by H. Ross Perot.

* Independent movie studio Weinstein Co is facing a serious cash squeeze, and needs a fresh capital infusion or successive box-office blockbusters to ease the growing pressure.

* The U.S. Treasury Department is discussing ways to keep in reserve some emergency bailout funds even if the Troubled Asset Relief Program isn't extended beyond the end of the year.

* The board of Chrysler Group LLC on Friday will review new models Chief Executive Sergio Marchionne is proposing as part of his turnaround plan, but the company faces pushback from suppliers that worry about making money on the cars' parts, said people familiar with the situation.

* Simmons Co, the country's second-largest mattress maker by revenue, is expected to announce Friday that it will file for Chapter 11 protection as part of a plan to be sold.

* DnB NOR ASA (DNBNOR.OL) launched a 14 billion Norwegian kroner ($2.41 billion) rights issue Friday and reiterated its forecast on 2009 and 2010 loan-loss provisions and operating profit.

* U.S. existing-home sales slipped in August, as the housing market stumbled on its path to recovery.   Continued...

 

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