January 10, 2008 / 6:04 AM / 11 years ago

PRESS DIGEST - Wall Street Journal - Jan 10

Jan 10 (Reuters) - The following were the top stories in The Wall Street Journal on Thursay. Reuters has not verified these stories and does not vouch for their accuracy.

* Citigroup Inc (C.N) and Merrill Lynch & Co Inc MER.N are in talks to get additional capital infusions from investors, primarily foreign governments. Merrill is expected to get $3 billion to $4 billion, while Citigroup could get as much as $10 billion.

* Capital One Financial Corp (COF.N) expects 2007 profit will fall about 20 percent below a prior forecast due to the weakening economy and loan troubles.

* The 2008 U.S. presidential-nominating race goes national, with no clear front-runner in either party. After a year of campaigning in two largely rural and mostly white states, the candidates now must appeal to minorities and big-city voters.

* Aluminum producer Alcoa Inc (AA.N) posted a 76 percent rise in net, helped by a gain from the sale of a business. Earnings growth was held back by higher freight and energy costs.

* Target Corp (TGT.N) named President Gregg Steinhafel to take over from Chief Executive Robert Ulrich in May as part of a planned succession. Ulrich will remain chairman through 2009.

* After a resounding rally in 2007, many markets overseas have started the year with a thud, hurt by fears about the effects from a possible U.S. recession.

* The U.S. Food and Drug Administration is cracking down on pharmacies’ sale of customized hormone mixtures as antidotes for menopause symptoms, a move likely to stir debate.

* Former General Motors Corp (GM.N) Chief Financial Officer John Devine is poised to become chairman of auto-parts supplier Dana Corp DCNAQ.PK when the company emerges from bankruptcy as early as this month.

* Chemical maker DuPont Co DD.N raised its 2008 earnings outlook, providing another sign that U.S. companies with world-wide agricultural operations have partially inoculated themselves against domestic economic conditions.

* U.S. President George W. Bush signaled he would give Israel broad leeway to continue raids on Palestinian militants and to develop settlements in disputed parts of Jerusalem, in his first trip to Israel as president.

* British commanders in Afghanistan are pushing a plan to create armed tribal militias to fight the Taliban, but U.S. reaction has been mixed.

* A new study estimates that 151,000 Iraqis have died from violence since the U.S.-led invasion in 2003. The figure comes from a large household survey conducted in 2006 and 2007 by the Iraqi government and the World Health Organization.

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