PRESS DIGEST - Wall Street Journal - Oct 24

Reuters

Oct 24 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy.

* Germany said it believed U.S. intelligence may be spyingon the chancellor's cellphone, an intrusion that it said wouldconstitute a "grave breach of trust" between the longtimeallies. ()

* Airlines' push to lure high-paying fliers with flatbedbusiness seats is leaving economy-class passengers with lessspace. Big carriers including American Airlines, AirCanada and Air France are cutting space bywedging an extra seat into each coach row. ()

* A jury found Bank of America liable for fraudrelated to loans its Countrywide unit sold to mortgage-financegiants Fannie Mae and Freddie Mac in aprogram called the "Hustle" in 2007 and 2008. ()

* A preliminary gauge of Chinese factory activity showed anuptick in October, in a mildly positive sign for the world's No.2 economy amid questions of whether it can sustain rapid growth.()

* Big aluminum makers Alcoa and Rusal haveobjected to a proposal aimed at easing bottlenecks. ()

* Bambi Holzer, a Beverly Hills, California, financialbroker, has been suspended from practicing after dozens ofconsumer complaints dating back more than two decades. ()

* Brazil's government Wednesday swept into the global bondmarket, issuing $3.2 billion in new bonds due 2025, as investorsset aside some of their pessimism on emerging markets and Brazilin particular. ()

* The remnants of Lehman Brothers Holdings Inc is suing theNew York Giants for more than $100 million it says it is owedfor a soured interest-rate swap tied to the financing of thefootball team's stadium. ()

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