September 19, 2013 / 5:16 AM / in 4 years

PRESS DIGEST - Wall Street Journal - Sept 19

Sept 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.

* Seeing a more uneven economic climate than they expected and the potential for fiscal discord in Washington, Federal Reserve officials got cold feet Wednesday and decided to keep their signature easy money program in place for the time being. (link.reuters.com/vad33v)

* On Wednesday, the Federal Reserve gave the markets uncertainty and confusion about plans to wind down its bond-buying program, and markets loved it, sending U.S. stock indexes to records. But big questions remain about what lies ahead. (link.reuters.com/ced33v)

* Immigration to the United States picked up last year - driven largely by growing numbers of newcomers from Asia rather than the Hispanic immigrants that fueled the nation's population growth before the recession. (link.reuters.com/zad33v)

* Regulators in the United States and the UK are expected to fine JPMorgan Chase & Co more than $900 million for actions tied to its 2012 "London whale" trading debacle, according to a person familiar with the settlement talks. (link.reuters.com/ded33v)

* Mortgage lending jumped to a five-year high last year, driven by a sharp rise in refinancing as borrowers rushed to lock in the lowest mortgage rates in at least 60 years, according to a Federal Reserve report. (link.reuters.com/fed33v)

* Struggling BlackBerry Ltd is preparing for deep staff cuts, up to 40 percent of its employees, by the end of the year, people familiar with the matter said. The layoffs will cut across all departments and occur in waves, likely affecting several thousand workers, the people said. BlackBerry had 12,700 employees as of March. (link.reuters.com/ged33v)

* When consumer marketplaces for insurance go live on Oct.1, the insurance companies that are likely to draw attention are lesser known, and in many cases will be offering lower rates. (link.reuters.com/jed33v)

* Orbital Sciences launched an unmanned capsule on its maiden voyage to the international space station, hoping to become the second commercial entity to transport cargo to the orbiting laboratory. (link.reuters.com/ked33v)

* Priceline.com became the first company listed in the S&P 500 to trade at $1,000 in the index's 56-year history. Priceline's shares have flirted with $1,000 before. During the dotcom bubble, it topped out split-adjusted closing high of $974.25 in April 1999. The stock had a meltdown in the years that followed, closing below $7 a share in October 2002. (link.reuters.com/med33v) (Compiled by Sakthi Prasad in Bangalore)

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