PRESS DIGEST - Wall Street Journal - Jan 8
Jan 8 (Reuters) - The following were the top stories in The Wall Street Journal on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.
* Delinquencies on mortgages for hotels, shopping malls and office buildings were sharply higher in the fourth quarter.
* The chairman of Satyam Computer Services Ltd SATY.BO, one of India's largest technology companies said he concocted key financial results, including a fictitious cash balance of more than $1 billion, sending shock waves across India and likely prompting investors to question other corporate results as the once-hot economy slows.
* Obama's economic team is pressing ahead with a costly economic-stimulus plan despite a projected $1.2 trillion budget deficit this year.
* Microsoft Corp (MSFT.O: Cotización) announced a milestone for the next version of Windows and a raft of deals designed to boost its online search business. Steve Ballmer unveiled the plans in his first keynote speech at the Consumer Electronics Show.
* Computer maker Lenovo Group (0992.HK: Cotización) said it expects to report a loss for the quarter just ended. The company set layoffs and cuts to executive pay.
* Wyeth WYE.N is in talks to purchase Dutch vaccine maker Crucell NV CRCL.AS as the big U.S. drug maker attempts to grab a larger share of one of the industry's fastest-growing segments.
* Prosecutors argued that money manager Bernard Madoff poses a "danger to the community" and should go to jail pending his trial, after he mailed valuables including diamond watches to friends and family, according to a written court motion made public.
* Citigroup Inc (C.N: Cotización) is leading other lenders in advanced talks with key senators on legislation that would allow judges to set new repayment terms for millions of mortgage holders who wind up in bankruptcy court, people involved in the talks say. Continuación...