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) 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) 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) 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 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).
* 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.
* Ticketmaster Entertainment Inc TKTM.O agreed to put a wall between it and its ticket reseller TicketsNow after thousands of complaints earlier this month that Bruce Springsteen fans were improperly redirected to the reseller, New Jersey Attorney General Anne Milgram said.
* Campbell Soup Co (CPB.N) surprised Wall Street when it reported that soup sales suffered as retailers reduced their inventories of packaged foods at the end of last year.
* Three Toyota Motor Corp (7203.T) executives departed, making way for incoming president Akio Toyoda’s plan to scuttle some “revolutionary changes” that drove up costs.
* Ford Motor Co (F.N) and the United Auto Workers union agreed to change the way the company funds retiree health-care benefits, easing Ford’s strained finances and putting pressure on General Motors Corp (GM.N) and Chrysler LLC to secure similar concessions.
* Honda Motor Co (7267.T) tapped Takanobu Ito, a senior managing director with a long career in research and development, to be president and chief executive as Japan’s second-largest auto maker looks for new, younger leadership to lift it out of a global sales slump.
* President Barack Obama named Wall Street deal maker Steven Rattner to lead the team advising the White House on rescuing the U.S. car industry.
* U.S. Government spending on health care is expected to jump 7.4 percent to $1.191 trillion this year as the recession curbs private health-care spending and swells the rolls of Medicaid and other government programs, a federal study concludes.
* President Barack Obama sought to assure the nation that he will address runaway government deficits, despite adding to the red ink now to battle the economic crisis.
* House leaders released a $410 billion spending plan for the rest of fiscal 2009, with increases proposed for long-neglected Democratic priorities ranging from health care to education to public housing.
* President Barack Obama is likely to nominate former Washington Governor Gary Locke to be secretary of the Commerce Department, according to a senior administration official, putting a business-friendly, pro-trade Democrat in his cabinet at a time of growing worries about the shaky U.S. economy.
* Texas financial R. Allen Stanford’s legal problems are fueling concern that European buyers of luxury vacation homes may lose their deposits.
* The U.S. Food and Drug Administration said the epilepsy drug Zonegran can cause a certain type of metabolic disorder that can increase the risk of kidney stones and bone diseases.
* European Central Bank President Jean-Claude Trichet threw his weight behind European proposals for greater global-market regulation, setting the stage for debate at an April meeting of world leaders in London.
* Micron Technology MU.N will cut 2,000 jobs as it phases out chip manufacturing in its hometown of Boise, Idaho.
* PepsiCo Inc’s (PEP.N) Tropicana Products juice division said it is dropping a new carton just six weeks after rolling out the design to great fanfare, after customers complained that they couldn’t differentiate between the company’s pulp-free, traditional and other types of juice.