PRESS DIGEST - Wall Street Journal - Oct 31

Reuters

Oct 31 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy.

* Fed officials emerged from a policy meeting with theireasy-money program intact and no clear signal about whether theywould begin pulling it back at their December meeting orcontinue it into 2014. ()

* The collapse of oil company OGX, LatinAmerica's biggest-ever bankruptcy, punctuates Eike Batista'sbreathtaking rise and fall. ()

* The Treasury's semiannual report says Germany's export-ledgrowth is creating problems for the euro zone and the globaleconomy. ()

* Facebook's revival continued Wednesday as itssurging mobile-advertising business helped the social networkpost a third-quarter profit, making its bumpy initial publicoffering last year seem like a distant memory. ()

* Retailers and grocers are bracing for another drain onconsumer spending when a temporary boost in food-stamp benefitsexpires Friday. ()

* London's top traders and bankers could soon see a bigboost to their monthly pay as part of an effort by banks tosoften the blow of a new European Union law limiting annualbonuses. ()

* When 58.com Inc, China's equivalent of Craigslist, startsselling shares in New York, it will offer the best indicator yetof whether U.S. investors have found a taste for Chinese stocksagain after a two-year case of indigestion. ()

* As it prepared its workers to take on jobs at major U.S.companies, Indian outsourcing giant Infosys Ltd provided them with written instructions on how to deceive U.S.authorities about the type of work they would do, and furnishedthem with inappropriate visas to lower its cost of doingbusiness, federal prosecutors allege. ()

* Comcast Corp lost more video customers in thelatest quarter than in the year-earlier period amid intensifiedcompetition from AT&T Inc's U-Verse and VerizonCommunications' FiOS, a sign that phone companies' yearslong expansion into TV is continuing to exert pressure on thecable-TV industry.

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