PRESS DIGEST - Wall Street Journal - Dec 9 - RTRS

Reuters

Dec 9 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy.

* After a nearly yearlong effort to sell its gun business,Cerberus Capital Management LP is close to bringing ona minority investor and lender to the weapons maker to let someof its investors sell out, a person familiar with the mattersaid. ()

* General Motors Co is preparing a concerted attackon its most troubled international operations that would entailbig output cuts at factories in South Korea and likely an end toproduction in Australia, said people familiar with the automaker's plans. ()

* Given Imaging Ltd, a maker of ingestible pillsthat take photos inside patients' bodies, agreed to be acquiredby Covidien PLC for $860 million. ()

* When employees of the new American Airlines Group Inc ringthe Nasdaq Stock Market's opening bell Monday from the carrier'sTexas headquarters, many of them will be cheering because theyalready know what their pay and benefits will be-unlike in mostairline mergers. The new American has secured temporary laboragreements that spell out how the merged airline will quicklyintegrate key groups of workers from the former AmericanAirlines and US Airways. ()

* Some of the world's biggest advertising companies arepredicting faster growth in ad spending in 2014 than occurredthis year, although concerns about the U.S. and Europeaneconomies weigh on some of their projections. ()

* Amazon.com Inc received a lot of news coveragefor its sci-fi drone-delivery idea last week. But an immediaterobotics effort under way in the Seattle retailer's warehousescould save the company more than $900 million a year, accordingto an analyst. ()

* As enrollment picks up on the HealthCare.gov website, manypeople with modest incomes are encountering a troubling elementof the federal health law: deductibles so steep they may not beable to afford the portion of medical expenses that insurancedoesn't cover. ()

* When Hertz Global Holdings Inc acquired car-rentalrival Dollar Thrifty last year, the Federal TradeCommission sought to combat rising prices by forcing Hertz tosell off its Advantage Rent a Car brand, making it a new,independent competitor. But the arrangement has taken a sharpdetour. ()

* A high-speed rail project linking the three Baltic statesembodies the economic hopes the European Union has placed on thefast-train technology. It also exemplifies one of high-speed'sbiggest hurdles: national borders. ()

* Russia is undertaking a series of long-delayed andpolitically sensitive economic overhauls aimed at boostingefficiency as the country struggles with the longest period ofeconomic stagnation yet in Vladimir Putin's 13-year reign,according to a top official. ()

* European Aeronautic Defence & Space Co, freshfrom streamlining its Airbus unit and its own complex corporatestructure, is moving down its to-do list and trimming itsdefense operations to fit shrunken growth prospects. Top EADSexecutives Monday will meet with labor representatives to unveiltheir restructuring plans, according to people familiar with thediscussions. ()

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