PRESS DIGEST - Wall Street Journal - Nov 17
Nov 17 (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.
* European banks are devising complex and potentially risky new deals that enable them to continue borrowing from the ECB.
* China and Russia are resisting a push by the U.S. and Europe to censure Iran before the U.N. for alleged nuclear-weapons work.
* Federal prosecutors in Chicago and New York have issued subpoenas in the probe of the collapse of MF Global Holdings Ltd .
* In the latest sign of jittery markets racked by hair-trigger selling, investors took fright at a credit-firm report that contained little new information but warned of escalating risks facing U.S. banks in the European debt crisis.
* General Electric Co is set to announce a $1 billion investment in software development as it seeks to make many of its products smarter and more profitable, as well as developing products capable of solving problems for customers.
* The sale of an oil pipeline running from Oklahoma to Texas upended U.S. energy markets Wednesday, sending the price of crude surging above $100 a barrel as America copes with the promise and pitfalls of its new energy boom.
* A year ago this week, Kayak Software Corp, the travel website, filed documents for an initial public offering. But Kayak has sat on the IPO tarmac.
* Congress is launching an investigation into whether Huawei Technologies Co and other Chinese telecommunications firms pose a potential national-security threat as they expand in the U.S. Continua...