Thursday, May 24, 2012

Reuters: Regulatory News: PRESS DIGEST - Wall Street Journal - May 24

Reuters: Regulatory News
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PRESS DIGEST - Wall Street Journal - May 24
May 24th 2012, 06:37

Thu May 24, 2012 2:37am EDT

May 24 (Reuters) - The following were the top stories in The Wall Street Journal on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

* European Union leaders came up with few new responses to the euro crisis, as officials stepped up planning for a possible Greek exit from the euro zone.

* Nearly 20 months after completing their $3.2 billion merger, United Airlines and Continental Airlines are grappling with the messy business of stitching together two sprawling operations.

* HP also said its quarterly profit slumped 31 percent amid relatively flat revenue in its PC business and lower printing sales.

* Spain will provide about $11.4 billion to cover Bankia's needs, the nation's finance minister said.

* Chesapeake is ramping up drilling on the Utica Shale, a promising but unproven oil field, at a time when the embattled natural-gas giant is under financial stress and facing heightened scrutiny from investors.

* Zynga is trying to provide some answers for its controversial acquisition of "Draw Something," a mobile game that was released only six weeks earlier and has since lost popularity.

* A startup is aiming to create a trading platform that protects mutual-fund managers from high-speed traders.

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