PRESS DIGEST - Wall Street Journal - Nov 13


Nov 13 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy.

* New guidelines for reducing cholesterol and heart-attackrisks mark the biggest shift in cardiovascular-diseaseprevention in nearly three decades. The change could more thandouble the number of Americans who qualify for treatment withthe cholesterol-cutting drugs known as statins. ()

* China's Communist Party plans to establish a new statesecurity committee that analysts say will cement President XiJinping's hold on the military, domestic security and foreignpolicy. ()

* AMR Corp and US Airways Group reachedan antitrust settlement with the U.S. government to allow their$17 billion merger to proceed with only limited concessions,paving the way for a new global airline colossus. ()

* Microsoft is abandoning major elements of itscontroversial "stack ranking" employee review and compensationsystem, the latest blow against a once-popular managementtechnique. ()

* Starbucks was ordered to pay nearly $2.8 billionfor backing out of a partnership with Kraft Foods todistribute packaged coffee to grocery stores. ()

* President Barack Obama tapped senior Treasury Departmentofficial Timothy Massad to head the Commodity Futures TradingCommission, setting up a tight deadline to avoid a commissionhobbled by vacancies. ()

* Boeing's unionized workers were set to voteWednesday on a contract that could have a far-reaching impact onrelations between America's biggest exporter and organizedlabor. ()

* Francis Bacon's "Three Studies of Lucian Freud" justbecame the most expensive work at auction when it sold for$142.4 million at Christie's in New York. Christie's in New Yorkmade auction history Tuesday when it sold well over half abillion dollars worth of contemporary art in less time than ittakes to watch a football game. ()

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