PRESS DIGEST - Wall Street Journal - Oct 18


Oct 18 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy.

* SAC Capital and federal prosecutors have agreed inprinciple on a penalty exceeding $1 billion in a potentialcriminal settlement that would be the largest ever for aninsider-trading case. ()

* Insurers say the federal healthcare marketplace isgenerating flawed data that is straining their ability to handleeven the trickle of enrollees who have gotten through so far. ()

* Chinese PC maker Lenovo is actively consideringa bid for all of BlackBerry and has signed anon-disclosure agreement with the smartphone maker. ()

* A late surge of cases against low-level offenders willpush the SEC's case total close to last year's levels, masking asteep drop in enforcement actions related to the financialcrisis. While the total hasn't been announced, it likely will bedown at least 5 percent from a near-record high of 734enforcement cases in fiscal 2012. ()

* Google posted a 12 percent increase inthird-quarter revenue, as it tries to keep pace with its users'shift to mobile devices. ()

* Video-streaming service Hulu on Thursday named MikeHopkins as its new chief executive, effective immediately.Hopkins has been president of Fox Networks Group, a division of21st Century Fox Inc, since 2008 and a member of Hulu'sboard since 2011. ()

* A U.S. district judge ordered subprime lender HouseholdInternational Inc - now part of HSBC Holdings PLC - topay investors $2.46 billion in a class-action lawsuit, a movethat comes several years after a jury found the company liablefor securities fraud. ()

* IBM is shaking up leadership of its growth-marketsunit, following disappointing third-quarter results thatprompted a critical internal email from CEO Virginia Rometty.She wrote that IBM's strategy is correct, but criticized thecompany for failing to execute in sales of computer hardware aswell as in the growth markets unit, whose sales territoryincludes markets in Southeast Asia, Eastern Europe, the MiddleEast and Latin America. ()

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