PRESS DIGEST - Wall Street Journal - March 28
March 28 (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 bloody protests that have roiled Tibet reveal a deep split between everyday Tibetans and the Tibetan elite who cooperate with the Chinese. This rift was visible in Lhasa when monks disrupted a carefully orchestrated visit for foreign reporters.
* Citigroup Inc (C.N: Cotización) is hiring Terri Dial, who runs Lloyds TSB Group Plc's (LLOY.L: Cotización) U.K. retail-banking unit, to head the U.S. consumer business amid a reshuffling. The hiring is part of a broader reshuffling of Citigroup's structure.
* The Federal Reserve's first auction of funds to Wall Street elicited tepid demand. European central banks injected more funds into their banking systems to ease end-of-quarter pressures.
* James Cayne, chairman of Bear Stearns Cos Inc BSC.N, sold 5.7 million of the company's shares at a price of $10.84 apiece, according to regulatory filings -- creating just $61.3 million in paper profit.
* The resurgent violence in Iraq is threatening nascent efforts to enlist foreign companies in developing its immense oil wealth, a goal U.S. President George W. Bush pushed as crucial to rebuilding the country.
* Google Inc's (GOOG.O: Cotización) short-term outlook has grown increasingly murky in the wake of new data showing weakness in the number of consumers clicking on the Internet giant's search ads, the source of nearly all of the company's revenue.
* Fidelity National Information Services Inc (FIS.N: Cotización), which is seeking federal approval to spin off a unit that processes data for major mortgage providers, warned that its business could be harmed by heightened government inquiry into the U.S. lending crisis and new regulations that may result.
* Technology firms, which traditionally shunned debt and were thought to be relatively immune to a credit crunch, are seeing their earnings dented by holdings of auction-rate securities. Continuación...