PRESS DIGEST - Wall Street Journal - Oct 4

Oct 4 (Reuters) - The following are the top stories in the

Wall Street Journal on Thursday. Reuters has not verified these

stories and does not vouch for their accuracy.

* Cutting to the heart of their differences, President

Barack Obama and Republican Mitt Romney laid out contrasting

visions for the federal government in their first debate in

Denver, sparring over tax-cut proposals, regulations and

deficit-reduction plans.

* Hewlett-Packard Co warned profit and revenue will

decline in the coming year before CEO Meg Whitman's turnaround

effort gains traction. The bleak forecast sent the tech giant's

shares sharply lower.

* Temasek Holdings, the Singapore state investment company

that is the biggest shareholder of Standard Chartered Plc

, has been expressing its discomfort with the bank's

governance and is pressuring it to appoint more independent

directors, people familiar with the investment company said.

* Asian suppliers for Apple Inc have started mass

production of a new tablet computer smaller than the current

iPad, executives at component makers said, as the Silicon Valley

company tries to stay competitive against tablets from rivals

such as Google Inc and Amazon.com Inc.

* A federal court in Iowa formally accepted a guilty plea by

the chief executive of Peregrine Financial Group Inc, charged

with defrauding his customers in a nearly 20-year scheme.

* A stock-trading "dark pool" backed by some of Wall

Street's biggest banks agreed to settle a regulator's

allegations that it improperly shared confidential

client-trading information with a unit of Citigroup Inc,

one of its investors.

* Ocwen Financial Corp, whose knack for profiting on

Wall Street's mortgage castoffs has made it a stock-market

darling, now aims to beat the banks at their own game with a

foray into home lending.

* The European Banking Authority said the continent's banks

must keep extra-thick capital cushions in place for now, likely

dashing some lenders' hopes of buying back their own shares or

doling out large dividends to shareholders in the near future.

* A draft report circulated to European officials this week

sets the stage for a far-reaching debate over how euro-zone

governments might surrender yet more national control over

economic decisions in exchange for money from a common budget

that would be used to soften the blow of recessions.

Source: http://news.yahoo.com/press-digest-wall-street-journal-oct-4-060239721--sector.html

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