PRESS DIGEST - Wall Street Journal - Nov 4

Reuters

Nov 4 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy.

* BlackBerry's future may become clearer as soon asMonday when a tentative agreement from Fairfax Financial to takethe company private for $4.7 billion is scheduled to be firmedup. Other bids are possible. ()

* Investors are stampeding into initial public offerings atthe fastest clip since the financial crisis, fueling a frenzy inthe shares of newly listed companies that echoes thetechnology-stock craze of the late 1990s. ()

* SAC and federal prosecutors in Manhattan are expected toannounce a record insider-trading settlement Monday. Under thedeal, the firm run by Steven Cohen is expected to agree to payabout $1.2 billion in criminal penalties, plead guilty to anindictment obtained in July by prosecutors alleging the firmencouraged rampant insider trading, and stop managing outsidemoney. ()

* The Obama administration ruled that drugmakers can helppay prescription-drug costs for patients on health-careexchanges. Pharmacy-benefit managers object, preferring genericdrugs. ()

* Years of low interest rates are taking their toll onuniversal life insurance policies, affecting the policy holdersas well as the charities and institutions that would benefitfrom the policies. ()

* Federal approval to use electronic devices throughoutflights has revived a related debate over whether airlinepassengers should also be able to make voice calls whileairborne. ()

* Suntech Power agreed to sell its core assets inChina for $492 million to a smaller rival, attempting to payback creditors after defaulting on billions of dollars in debt.()

* Cooper Tire's lawsuit against Apollo Tyre of India, to force it to close on a previouslyagreed-upon acquisition, heads to court on Tuesday. ()

* The Federal Trade Commission cleared the way for OfficeDepot Inc and OfficeMax Inc to complete their$1.2 billion merger after concluding the corporate marriagewouldn't harm competition.

* U.S car shoppers brushed off Washington's fiscal battleslast month and, emboldened by steady gas prices, bought moretrucks and sport-utility vehicles and boosted the Detroit Threeauto makers over their rivals. ()

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