PRESS DIGEST - Wall Street Journal - March 19

Tue Mar 19, 2013 2:58am EDT
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March 19 (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.

* Citigroup Inc agreed to pay $730 million to settle claims that it misled investors in more than four dozen bond and preferred-stock offerings over more than two years, in the second-largest settlement of private securities litigation tied to the financial crisis. ()

* The rebounding housing market has helped return Fannie Mae to profitability and now might allow the government-controlled mortgage-finance company to do the once unthinkable: repay as much as $61.5 billion in rescue funds to the U.S. Treasury. ()

* John Malone's Liberty Media Corp is close to a deal to buy 25 percent of Charter Communications for about $2.5 billion, a move that would re-establish the media mogul as a force in the U.S. cable market. ()

* Federal prosecutors filed criminal charges against a former chief executive of Calpers, one of the world's largest pension funds, in connection with an alleged scheme to defraud money managers such as Apollo Global Management LLC. ()   Continued...