PRESS DIGEST - Wall Street Journal - Jan 28
Jan 28 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
* A growing number of financial scams have emerged in the wake of the alleged Madoff fraud, as strapped investors seek access to their cash amid hard times.
* Coca-Cola Co (KO.N: Cotización) is intensifying its efforts in Russia, even as the country's economy has stalled, as the company prepares for what it believes will be better times.
* Bank of America's (BAC.N: Cotización) board meets Wednesday, but it isn't clear if directors will address swirling questions about CEO Kenneth Lewis.
* Yahoo Inc (YHOO.O: Cotización) swung to a loss and warned that the weak advertising market will continue to hurt sales, adding to pressure on new CEO Bartz.
* U.S. unemployment rates rose in December, underscoring how the recession has spared few industries or regions.
* Rising defaults among homeowners with "jumbo" loans threaten more pain for banks and bond investors.
* New York Attorney General Andrew Cuomo has subpoenaed former Merrill Lynch Chief Executive John Thain as Cuomo probes bonuses paid by the investment bank on the eve of its merger with Bank of America Corp (BAC.N: Cotización).
* The board of Eddie Bauer Holdings Inc EBHI.O said it is cutting its size to seven members from 10 and significantly reducing the compensation of the remaining board members. Continuación...