PRESS DIGEST - Wall Street Journal - June 13
ju4 wa4i dia4n zo1ng he2 ba4o da4o :\n  June 13 (Reuters) - The following were the top stories in The\nWall Street Journal on Friday. Reuters has not verified these\nstories and does not vouch for their accuracy.\n* American International Group Inc's <AIG.N>\nfinancial-products business has become the focus of regulatory\nprobes into the insurer's accounting.\n* Yahoo Inc <YHOO.O> reached a search-ad pact with rival\nGoogle Inc <GOOG.O>, uniting the systems of two industry giants.\nMicrosoft Corp <MSFT.O> has abandoned its pursuit of Yahoo,\nsending Yahoo shares tumbling.\n* Anheuser-Busch Cos Inc <BUD.N> has begun preliminary talks\nwith Mexico's Grupo Modelo about a possible combination of the\ntwo brewers that could help the St. Louis beer giant thwart an\nunsolicited $46.35 billion bid from InBev NV <INTB.BR> of\nBelgium, said people familiar with the matter.\n* The New York Stock Exchange is planning to unveil a series\nof proposed new rules Friday in an effort to turn around its\nfalling market share.\n* Economists surveyed by The Wall Street Journal are\nexpressing more confidence in the Federal Reserve and Chairman\nBen Bernanke, though they foresee slow growth and suggest it is\nlikely the U.S. is in a recession or will soon tumble into one.\nOf the economists surveyed, 75 percent said the Fed is now\nshowing enough concern about inflation.\n* Lehman Brothers Holdings Inc <LEH.N> replaced its president\nand its chief financial officer as the firm deals with a\ncredibility crisis with investors. Lehman named Bart McDade its\npresident, succeeding Joseph Gregory, and Ian Lowitt its finance\nchief, replacing Erin Callan.\n* The Commodity Futures Trading Commission asked its U.K.\npeer to set limits on speculative trading of front-month West\nTexas crude contracts.\n* Federal Judge Alex Kozinski acknowledged in a news report\nhe posted sexually explicit images to a personal Web site and\nsaid his conduct should be investigated.\n* The Supreme Court ruled that foreign prisoners held at Guantanamo Bay may challenge their detention before a federal\njudge, a historic decision that rebuffs the Bush administration's\nyears-long effort to curtail the legal rights of terrorism\nsuspects.\n* KeyCorp <KEY.N> cut its dividend for the first time in 43\nyears and said it will raise $1.5 billion in capital.\n* US Airways Group Inc <LCC.N> will cut 1,700 jobs, raising\nfees and increased planned domestic capacity cuts in another\nexample of airlines trying to keep flying amid record fuel\nprices. The carrier becomes the third airline to charge for the\nfirst checked bag.\n((Compiled by Neha Singh; Bangalore Equities Newsdesk 91 80\n4135 5800; within U.S. 1 646 223 8780))\nKeywords: PRESS DIGEST/WSJ\nKeywords: PRESS DIGEST/WSJ