PRESS DIGEST - Wall Street Journal - Nov 14
Nov 14 (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.
* Early signs of an easing in global demand growth and swings by Wall Street traders are pushing oil away from the historic $100-a-barrel mark, at least for now. After rising as high as $98.62 a barrel a week ago, the benchmark oil-futures price on the New York Mercantile Exchange hit a low of $90.13 Tuesday.
* Aggressive markdowns this holiday season aren't guaranteed, as retailers have taken steps to cut costs and inventories.
* Bank of America Corp's (BAC.N: Cotización) write-down of $3 billion in collateralized debt obligations offered fresh evidence of how much financial giants are struggling to assess the value of investments long thought to be secure.
* Detroit's big three auto makers --General Motors Corp (GM.N: Cotización), Ford Motor Co (F.N: Cotización) and Chrysler LLC -- still lag behind Japanese and European rivals when it comes to predicted resale value, a leading vehicle-price resource said.
* Former publisher Judith Regan filed a $100 million lawsuit against her former employers, News Corp NWSa.N and HarperCollins Publishers, over her firing. Regan was fired late last year for allegedly making anti-Semitic remarks during a conversation with a lawyer employed by HarperCollins.
* The New York Stock Exchange, which is operated by NYSE Euronext NYX.N, has imposed new limits on odd-lot trades -- typically trades of fewer than 100 shares -- to combat abuses after specialist firms complained to regulators.
* The fallout from Citigroup Inc's (C.N: Cotización) subprime exposure continued as the bank restructured its capital-markets division, resulting in a new unit and two executives moving to other posts.
* The U.S. is sending Deputy Secretary of State John Negroponte to Pakistan this week to try to heal the rift between Pakistani President General Pervez Musharraf and Benazir Bhutto. Continuación...