Press Digest: Wall Street Journal - July 18
18/07/2013 06:03
July 18 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Penn State's board of trustees has authorized payment of roughly $60 million to settle some personal injury claims by men who say they were sexually abused by Jerry Sandusky, according to people familiar with the matter. (http://link.reuters.com/mad79t) * JPMorgan JPM.N and U.S. energy market regulators are close to a settlement over allegations of electricity-market manipulation that could involve the largest payout in the history of the Federal Energy Regulatory Commission. (http://link.reuters.com/jyc79t) * Global regulators are pursuing disparate approaches to protecting the financial system against future shocks. (http://link.reuters.com/hyc79t) * Fed Chairman Bernanke played down the unemployment rate's weight in the central bank's calculation of when to start raising short-term borrowing costs, a fresh example of the challenge the Fed faces in explaining its easy-money policies to an often perplexed public. (http://link.reuters.com/mub79t) * Some of Dell's DELL.O biggest institutional shareholders are expected to vote against a proposed buyout of the computer maker, a blow for deal proponents. (http://link.reuters.com/kyc79t) * A question-and-answer tool launched with little fanfare on the European Banking Authority's website is stirring up bond markets and upsetting investors. (http://link.reuters.com/nyc79t) * In separate remarks, Treasury Secretary Jacob Lew and Federal Reserve Chairman Ben Bernanke called for additional measures to ensure banks can't threaten the economy. (http://link.reuters.com/qyc79t) * IBM IBM.N reported second-quarter earnings declined 17 percent, but the large computer, software and services provider raised its profit outlook for the full year in a positive sign for the technology industry. (http://link.reuters.com/syc79t) * Alibaba Group ALIAB.UL founder Jack Ma reportedly labeled the 1989 crackdown on protesters in Tiananmen Square as "the most correct decision" at the time, drawing sharp criticism online. (http://link.reuters.com/tyc79t) * Pescanova PVA.MC said its chairman resigned after an outside accounting audit claimed financial irregularities at the multinational fishing giant, one of Spain's most well-known companies. (http://link.reuters.com/wyc79t) * The European Union's competition watchdog has asked Google Inc GOOG.O to make further concessions as part of its investigation into the way the company ranks and displays search results. (http://link.reuters.com/zyc79t) (Compiled by Sakthi Prasad in Bangalore) ((sakthi.prasad@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 6749 1130)(Reuters Messaging: sakthi.prasad.thomsonreuters.com@reuters.net)) Keywords: PRESS DIGEST WSJ/