PRESS DIGEST - Wall Street Journal - Feb 17

martes 17 de febrero de 2009 06:34 CET

Feb 17 (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.

* Brokerage firms are reducing services to hundreds of hedge funds, moves that could force more to find higher-cost financing or close.

* Oracle Corp ORCL.O is quietly going on a shopping spree, completing 10 acquisitions in the past year.

* U.S. auto makers and union representatives dug in for all-night cost-cutting negotiations as the government advanced its point person on auto restructuring.

* Trump Entertainment is expected to file for Chapter 11 protection Tuesday, marking the casino group's third trip to bankruptcy court.

* Banco Santander (SAN.MC: Cotización), Europe's second-largest bank by market value, has sweetened a compensation deal for selected private-banking clients who lost money in Bernard Madoff's alleged Ponzi scheme, according to people familiar with the matter.

* Silicon Valley posted a drop in employment and recorded a decline in per capita income in 2008 for the first time in several years, as the recession caught up with the technology-heavy region.

* With Lloyds Banking Group (LLOY.L: Cotización) and the U.K. government seeking to calm fears that the bank will be nationalized, they face a problem that Lloyds can't control: the souring U.K. economy.

* China Minmetals Corp. is leading its home country's latest push to secure natural resources abroad, launching a takeover bid for Australian miner OZ Minerals Ltd (OZL.AX: Cotización).   Continuación...