PRESS DIGEST - Wall Street Journal - Nov 16
Nov 16 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
* More than two weeks after MF Global filed for Chapter 11, some 33,000 customers are stuck in a sort of purgatory, with no access to their cash until a trustee liquidating the securities firm says they can get it.
* Europe's debt troubles spilled over to top-rated nations that had been largely untouched by the crisis, including Austria, the Netherlands, Finland and France.
* Whistleblowers alleging that two banks overcharged clients for currency trades could provide an early test of a new program to encourage information about financial wrongdoing.
* Bank of America is on the right track, CEO Brian Moynihan is expected to tell his board. But dissent in the Merrill Lynch ranks promises to be a thorn in his side.
* Ford Motor Co this week lifts the veil on a new sport-utility vehicle that illustrates how much Chief Executive Alan Mulally has changed the way that the auto maker now looks at developing and making cars in a global marketplace.
* Geithner said Europe's smoldering fiscal crisis should compel Congress to pass legislation that boosts the economy, warning that continued global pressures are constraining U.S. growth.
* Solyndra LLC postponed a layoff announcement until the day after the 2010 midterm elections following a push by the Department of Energy for a delay, House Republicans said Tuesday, citing emails they obtained in their probe of the company's collapse.
* Citigroup Inc is preparing to eliminate 900 jobs in its securities and banking division, or about 5% of the unit's world-wide staff, as turmoil in the equity and debt markets erodes revenue, people familiar with the situation said. Continua...