PRESS DIGEST - Wall Street Journal - Aug 28
Aug 28 (Reuters) - The following were the top stories in The Wall Street Journal on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.
* Senator Barack Obama formally won the Democratic nomination, making him the first African-American presidential nominee, as veteran Senator Joe Biden, his running mate, emphasized his working-class roots and foreign-policy experience in a bid to draw supporters.
* MVM Inc, one of the biggest security contractors used by U.S. intelligence agencies, has lost the bulk of a Central Intelligence Agency contract in Iraq after failing to provide enough armed guards, according to company emails and contractors familiar with the decision.
* Fannie Mae FNM.N shook up its top management, naming a new chief financial officer and chief risk officer, as the mortgage giant seeks to restore investor confidence in its capital plans.
* The economic slowdown is still hurting the global handset market as consumers delay purchases, research firm Gartner Inc said in its quarterly report on the industry.
* American workers' confidence in the job market is as low as it was during the 2001 recession, according to a new survey. When asked whether this is a bad time to find a quality job, 65 percent said it was, matching the level of the 2001 recession, according to the survey by Rutgers University's John Heldrich Center for Workforce Development.
* A growing number of record companies are trying to steer clear of Apple Inc's (AAPL.O: Cotización) iTunes, because they say selling single songs is crimping overall music sales.
* Xcel Energy Inc (XEL.N: Cotización) agreed to expand its disclosures about the possible impact of climate-change and greenhouse-gas laws on its business under a settlement with New York state.
* Lehman Brothers Holdings Inc LEH.N apologized for issuing a report on the semiconductor industry that in places "closely resembled" two 2007 reports authored by a Sanford C. Bernstein analyst. Continuación...