Friday, May 10, 2013

Reuters: Regulatory News: PRESS DIGEST - Wall Street Journal - May 10

Reuters: Regulatory News
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PRESS DIGEST - Wall Street Journal - May 10
May 10th 2013, 06:03

Fri May 10, 2013 2:03am EDT

May 10 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

* The federal deficit is shrinking faster than expected due to surging tax revenue and bailout paybacks, altering the budget debate. ()

* During his visit to Russia last year, deceased Boston bombing suspect Tamerlan Tsarnaev was coolly received by the Dagestan region's Islamists, who found him to be brash. ()

* The Yen's decline signals hopes for a more groundbreaking economic shift: the reversal of nearly two decades of stagnation, weak demand and declining prices. ()

* A multibillion-dollar settlement of a federal investigation into Johnson & Johnson's sales practices is on hold, as J&J seeks to avoid wording in the agreement that could leave it vulnerable to private lawsuits. ()

* Futures regulators are close to an agreement that would end a months-long standoff over a central plank of the 2010 Dodd-Frank law and finally bring more transparency to the trading of swaps, the complex financial contracts at the heart of the financial crisis. ()

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