Tuesday, October 29, 2013

Reuters: Regulatory News: PRESS DIGEST - Wall Street Journal - Oct 30

Reuters: Regulatory News
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PRESS DIGEST - Wall Street Journal - Oct 30
Oct 30th 2013, 05:11

Wed Oct 30, 2013 1:11am EDT

Oct 30 (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.

* U.S. officials said electronic spying that ignited a political firestorm in France and Spain recently was carried out by their own intelligence services and not by the NSA. The phone records were shared with the U.S. ()

* Problems surrounding the launch of the federal health-care law broadened, as concerns that thousands of Americans are getting insurance-cancellation notices bubbled over at a hearing on Capitol Hill. ()

* SAC Capital will plead guilty to securities fraud as part of a landmark criminal insider-trading settlement with federal prosecutors set to be announced by next week. ()

* Dutch lender Rabobank agreed to pay $1.07 billion to settle accusations that it skewed key financial benchmarks and its chief executive resigned, the latest casualty of a global interest-rate-rigging scandal. ()

* A multibillion-dollar settlement between JPMorgan Chase and the U.S. over soured mortgage bonds is at risk of collapsing because of disagreements related to a criminal probe of the bank and its effort to get penalties reimbursed by a government-controlled fund, according to people familiar with the discussions. ()

* Operators of U.S. truck fleets are accelerating a shift to natural gas fueled trucks, betting on new engines that promise to drop the cost of shifting from diesel fuel. ()

* BlackBerry Ltd executives flew to California to meet with Facebook Inc last week to gauge its interest in a potential bid for the struggling smartphone maker, according to people familiar with the matter. ()

* Google Inc's smartwatch is in late-stage development and the company is in talks with Asian suppliers to begin mass production of the device, people familiar with the matter said. ()

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