Thursday June 18, 07:45 AM
PRESS DIGEST - Wall Street Journal - June 18
June 18 (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.
* U.S. President Barack Obama urged policy makers to rewrite the rules of U.S. finance, unveiling proposals that would affect nearly every aspect of banking and markets.
* U.S. President Barack Obama faces new concerns from the public about the budget deficit and US intervention in the economy as he works to enact health and energy legislation, a WSJ/NBC News poll finds.
* Microsoft Corp (NASDAQ: MSFT - news) said Google Inc (NASDAQ: GOOG - news) 's new Apps Sync disables the search capabilities of Microsoft's popular Outlook software.
* A plan by European Union leaders to tighten financial-market regulation is pitting the UK, home of Europe's financial center, against other members of the bloc.
* Medtronic Inc paid nearly $800,000 to a former Army surgeon accused of fabricating a study that reported positive results for its key spine products.
* Consumer prices fell 1.3 percent from a year earlier, the largest drop since 1950. The 0.1 percent rise month-to-month indicates both inflation and deflation threats are subdued.
* American International Group Inc has mandated Morgan Stanley (NYSE: MS - news) and Deutsche Bank AG (Xetra: 514000 - news) as global coordinators for the coming initial public offering of its Asian life insurance unit.
* NYSE Euronext, the parent of the New York Stock Exchange, plans to establish a clearinghouse for fixed-income investments that could position the trading venue to gain business from a regulatory push to clear more derivatives.
* Keywords: PRESS DIGEST/WSJ Keywords: PRESS DIGEST/WSJ
(Compiled by Tenzin Pema; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)
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