PRESS DIGEST - Wall Street Journal - Oct 29

Reuters

Oct 29 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy.

* The chairwoman of the Senate Intelligence Committee,Dianne Feinstein, promised a total review of all U.S. spyingprograms for the first time in decades, and said she expectedthat the White House would end all spying on leaders of alliedcountries. ()

* Bond dealer Cantor Fitzgerald has sought to make Nevada'slegal sports books more like a financial platform but found theold ills of gambling hard to escape. ()

* Central banks in Russia and elsewhere are cutting purchaseof gold, further weighing on prices of the metal. Prices aredown 19 percent year to date. The last time gold prices postedan annual loss was 2000. ()

* Apple reported a third consecutive quarter ofdeclining profits, but showed signs that both prices and profitmargins are stabilizing despite heightened competition for itsiPhone and iPad. ()

* After buying back its own shares from investors this yearfor the first time since the financial crisis in 2008, MorganStanley is considering asking the Federal Reserve forpermission to purchase more stock next year. ()

* Consol Energy agreed to sell five Appalachian coalmines to Murray Energy, in a deal valued at $3.5billion, its biggest step yet in shifting the focus of itsbusiness toward natural gas and away from coal. ()

* Higher mortgage rates and rising home prices scared offprospective home buyers in September, sparking the fourthstraight monthly drop in a key measure of home sales. ()

* Aereo Inc's upstart TV streaming service has provoked alegal onslaught from broadcast networks. But even if it winsthat fight, it still has to overcome more-pedestrian issues,like making sure it can pay for the electricity it needs. ()

* Goldman Sachs said it has spent the past yearworking to improve the work-life balance of most-junioremployees, known on Wall Street as analysts, by reducing theirhours and other measures. ()

* The federal government is set to slap Infosys Ltd with the largest immigration fine ever, claiming theIndian outsourcing giant illegally placed workers on visitor,rather than work, visas at big corporate clients across the U.S.

The government is expected to announce Wednesday it willfine Infosys about $35 million, according to people close to thematter. ()

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