PRESS DIGEST - Wall Street Journal - Nov 26

Reuters

Nov 26 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy.

* The Obama administration is mounting an aggressivecampaign to head off new congressional sanctions against Iran,arguing they would jeopardize the high-stakes deal sealed thispast weekend to curb Tehran's nuclear program.()

* Wal-Mart named Douglas McMillon as its next chiefexecutive, handing the job to a long-serving insider who, atjust 47 years old, will be the youngest CEO since Sam Walton tohelm the giant retailer. ()

* The U.S. Food and Drug Administration, in a U-turn fromits position three years ago, removed restrictions onGlaxoSmithKline Plc's diabetes drug Avandia and said itno longer had serious concerns over the drug's heart-attackrisk. ()

* The FDA ordered genetic-testing startup 23andMe to stopmarketing its mail-order DNA kit, citing the risk that falseresults could cause consumers to undergo unnecessary healthprocedures such as breast-cancer surgery. ()

* Eric Noll, an executive vice president at Nasdaq OMX who was seen as the top internal contender to succeedCEO Robert Greifeld, has resigned from the market operator tolead brokerage firm ConvergEx. ()

* Qualcomm Inc said a Chinese government agency isinvestigating the chip maker under the country's antimonopolylaw, a probe that comes amid rising tensions affecting U.S.companies in China. ()

* Katie Couric became the latest high-profile journalist tojoin a digital outlet, striking a deal with Yahoo Inc, the company announced Monday. ()

* Carlyle Group LP said it will acquire DiversifiedGlobal Asset Management Corp, a Toronto-based investor in hedgefunds, as the firm continues to expand from private equity. Thedeal is valued at $33 million, plus a possible $70 million ifthe hedge-fund firm achieves a certain level of performance. ()

* McGraw Hill Financial Inc said on Monday it hiredCitigroup Inc executive Neeraj Sahai to run its Standard &Poor's Ratings Services unit, the world's largest ratings firm.

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