PRESS DIGEST - Wall Street Journal - March 19

jueves 19 de marzo de 2009 06:18 CET

March 19 (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.

* Some top American International Group (AIG.N: Cotización) employees have agreed to return hefty retention bonuses under mounting public outrage over $165 million in payouts.

* The U.S. Federal Reserve will buy up to $300 billion in long-term Treasurys and billions more in mortgage-backed securities, as rates already are near zero.

* Sun Microsystem Inc's JAVA.O sale to IBM (IBM.N: Cotización) would mark an inglorious end to an industry leader that once boasted it put "the dot in dot-com."

* In another example of the unintended consequences of the government's deep involvement in the financial markets, some hedge funds have suffered losses on a trade they thought would be easy money based on the latest bailout of Citigroup Inc (C.N: Cotización).

* A New York state judge rejected a bid by Bank of America Corp (BAC.N: Cotización) to keep details confidential about individuals who got bonuses at Merrill Lynch & Co on the eve of its merger with the Charlotte, North Carolina-bank.

* Sony Electronics Inc is pairing with Google Inc (GOOG.O: Cotización) to battle Inc (AMZN.O: Cotización) in the growing digital books market.

* U.S. migration slowed sharply last year, as a weak housing market and job insecurity forced many to stay put.

* Fannie Mae FNM.P is due to pay retention bonuses of between $470,000 and $611,000 this year to some executives, despite enormous losses at the government-backed mortgage company. Fannie's main rival, Freddie Mac FRE.P, also plans to pay such bonuses but hasn't yet provided details.   Continuación...