PRESS DIGEST - Wall Street Journal - Feb 24
Feb 24 (Reuters) - The following were the top stories in The Wall Street Journal on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
* American International Group Inc (AIG.N: Cotización) is set to report a quarterly loss likely top $60 billion, a hole that could force the government to expand its bailout package.
* JPMorgan Chase & Co (JPM.N: Cotización) slashed its quarterly dividend, a surprise move aimed at beefing up the bank's capital cushion as the economy deteriorates.
* A fund of hedge funds run by two members of Vice President Joe Biden's family was marketed exclusively by Stanford Financial entities.
* Peter Chernin plans to step down as News Corp (NWSA.O: Cotización) president and chief operating officer, costing the media giant a key lieutenant at a tumultuous time.
* Lehman Brothers Holdings Inc's LEHMQ.PK venture-capital arm will spin out into an independent firm, the latest move in the bankrupt New York securities firm's plan to shed assets and raise cash to pay back creditors
* Yahoo Inc (YHOO.O: Cotización) is unveiling several tools to help marketers better target their online ads, as the Internet company tries to win back business during the recession.
* Former Merrill Lynch & Co Chairman and Chief Executive John Thain was ordered by a New York state judge to answer more questions from New York Attorney General Andrew Cuomo about bonuses paid before the securities firm was acquired by Bank of America Corp (BAC.N: Cotización).
* Motorola Inc MOT.N has found a buyer for Good Technology Inc, the mobile email provider it bought for about $500 million just two years ago to help it compete against BlackBerry and other messaging devices. Continuación...