November 17, 2011 / 6:41 AM / 9 years ago

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.

* Rambus Inc lost more than 60% of its market value Wednesday, after a San Francisco jury rejected the Silicon Valley company’s allegations in an antitrust case that sought billions of dollars in damages.

* The Securities and Exchange Commission sent a get-tough message to the mutual-fund industry as part of a $3.3 million settlement with Morgan Stanley over allegedly shoddy oversight of an outside fund adviser.

* One of AOL Inc’s most senior executives, Brad Garlinghouse, is quitting, the latest executive departure from the struggling Internet company, according to people familiar with the matter.

* Samsung Electronics Co said it would release a modified version of its Galaxy tablet computer in Germany this week, two months after a court barred the company from selling the devices in Europe’s biggest economy on the grounds it copied Apple Inc’s iPad.

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