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PRESS DIGEST - Wall Street Journal - May 30
May 30, 2014 / 5:27 AM / 3 years ago

PRESS DIGEST - Wall Street Journal - May 30

May 30 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

* Tyson Foods Inc unleashed a $6.1 billion bid for Hillshire Brands Co, the maker of Jimmy Dean sausage and Ball Park hot dogs, setting up a heavyweight battle with Brazilian rival JBS SA for one of the juiciest remaining assets in the meat industry. (r.reuters.com/vyc79v)

* Former Microsoft Corp chief Steve Ballmer is first in line to buy the L.A. Clippers with a $2 billion bid for the team, according to people familiar with the process, an offer that would triple the record for an NBA franchise. (r.reuters.com/xyc79v)

* KPMG LLP is going long on the market for hedge-fund services. The New York accounting firm on Thursday agreed to buy Rothstein Kass, a New Jersey firm that caters to hedge funds and other alternative investment firms. Buying Rothstein Kass would make KPMG the largest auditor of hedge funds based on client numbers. (r.reuters.com/bad79v)

* Ford Motor Co on Thursday added to the year's massive surge in auto-safety recalls, calling back 1.38 million vehicles in North America for repairs, some of which it previously had ruled out requiring a change. (r.reuters.com/fad79v)

* Twitter Inc's senior vice president of engineering, Christopher Fry, is stepping down effective Thursday. Fry will keep an advisory role at Twitter, the company said in a filing with the Securities and Exchange Commission. No reason was given for the move. (r.reuters.com/gad79v)

* The U.S. has added about 650,000 factory jobs since their numbers rebounded after the recession, putting manufacturing workers at 12.1 million and reversing a long decline in such jobs. But uneven growth has created regional disparities in the nation's overall economic recovery. (r.reuters.com/had79v)

Compiled by Arnab Sen in Bangalore

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