Thursday, July 5, 2012

Reuters: Regulatory News: PRESS DIGEST - Wall Street Journal - July 5

Reuters: Regulatory News
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PRESS DIGEST - Wall Street Journal - July 5
Jul 5th 2012, 06:09

July 5 | Thu Jul 5, 2012 2:09am EDT

July 5 (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.

* A day after abruptly resigning amid a mushrooming scandal over interest-rate manipulation, former Barclays Plc chief Robert Diamond on Wednesday was assailed by British lawmakers for the bank's actions, in a preview of the scrutiny likely to lie ahead for other big lenders that are under investigation.

* Scientists said they found a subatomic particle resembling the long-elusive Higgs boson, a landmark discovery that could explain why particles have mass and, by extension, why stars, planets and all other objects in the universe exist at all.

* Apple Inc's component suppliers in Asia are preparing for mass production in September of a tablet computer with a smaller screen than the iPad, people familiar with the situation said, suggesting a launch for the device is near.

* Volkswagen AG said late Wednesday it reached an agreement to acquire the rest of the Porsche sports-car business it doesn't own, completing a turbulent takeover effort nearly three years in the making.

* A hedge fund managed by the investment firm of Alphonse "Buddy" Fletcher Jr. has filed for bankruptcy protection in Manhattan, as the firm faces a mounting legal challenge.

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