PRESS DIGEST - Wall Street Journal - Jan 10
Jan 10 (Reuters) - The following were the top stories in The Wall Street Journal on Thursay. Reuters has not verified these stories and does not vouch for their accuracy.
* Citigroup Inc (C.N: Cotización) and Merrill Lynch & Co Inc MER.N are in talks to get additional capital infusions from investors, primarily foreign governments. Merrill is expected to get $3 billion to $4 billion, while Citigroup could get as much as $10 billion.
* Capital One Financial Corp (COF.N: Cotización) expects 2007 profit will fall about 20 percent below a prior forecast due to the weakening economy and loan troubles.
* The 2008 U.S. presidential-nominating race goes national, with no clear front-runner in either party. After a year of campaigning in two largely rural and mostly white states, the candidates now must appeal to minorities and big-city voters.
* Aluminum producer Alcoa Inc (AA.N: Cotización) posted a 76 percent rise in net, helped by a gain from the sale of a business. Earnings growth was held back by higher freight and energy costs.
* Target Corp (TGT.N: Cotización) named President Gregg Steinhafel to take over from Chief Executive Robert Ulrich in May as part of a planned succession. Ulrich will remain chairman through 2009.
* After a resounding rally in 2007, many markets overseas have started the year with a thud, hurt by fears about the effects from a possible U.S. recession.
* The U.S. Food and Drug Administration is cracking down on pharmacies' sale of customized hormone mixtures as antidotes for menopause symptoms, a move likely to stir debate.
* Former General Motors Corp (GM.N: Cotización) Chief Financial Officer John Devine is poised to become chairman of auto-parts supplier Dana Corp DCNAQ.PK when the company emerges from bankruptcy as early as this month. Continuación...