PRESS DIGEST - Wall Street Journal - Feb 16

lunes 16 de febrero de 2009 06:53 CET

Feb 16 (Reuters) - The following were the top stories in The Wall Street Journal on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

* The Obama administration will not name a "car czar" to help oversee the auto industry's restructuring and will instead create an inter-agency task force to deal with the issue.

* Satyam Computer Services Ltd SATY.BO has begun considering offers from suitors looking to buy the fraud-riddled Indian outsourcer, said new Chief Executive A.S. Murty.

* Japan's economy shrank at its sharpest pace in over three decades in the final quarter of 2008, as the financial crisis and languishing overseas demand dealt a blow to the export-driven economy.

* A group of Sirius XM Radio Inc (SIRI.O: Cotización) creditors says it is prepared to seek the ouster of CEO Mel Karmazin and other senior executives if the company files for bankruptcy.

* Friday's decline in Treasurys prices could be the beginning of the correction the market has been bracing for since the Obama administration took over, with promises of a recession-era boom in government spending.

* An offshore bank at the center of two U.S. federal investigations recently curtailed financing commitments to two small American companies, regulatory filings show.

* The giant stimulus package that cleared Congress includes a last-minute addition that restricts bonuses for top earners at firms receiving federal cash -- including those that already received it -- more severely than the Obama administration's previous pay limits.

* One vote shy of a budget deal, California Governor Arnold Schwarzenegger pressured reluctant Republicans in the Legislature to pass a complex plan to close the state's $42 billion deficit.   Continuación...