PRESS DIGEST - Wall Street Journal - April 16

Wed Apr 16, 2014 2:00am EDT
 
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April 16 (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.

* Under pressure from unhappy clients and losing market share to rivals, Goldman Sachs Group Inc is trying to jump-start its stock-trading business. At recent trading conferences with top clients, including Fidelity Investments and BlackRock Inc< BLK.N>, and in private conversations, investors have vented their concerns with the way Goldman and other firms trade stocks, people familiar with the matter said. (r.reuters.com/cus58v)

* Credit Suisse Group AG said Wednesday that first-quarter profit fell to 859 million Swiss francs ($976.91 million) from the 1.3 billion Swiss francs ($1.48 billion) it reported for the same period a year earlier as net revenue fell 8 percent to 6.47 billion Swiss francs ($7.36 billion).

* Defunct bitcoin exchange Mt. Gox has given up its plan to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, people familiar with the situation said. (r.reuters.com/nus58v)

* Online food-delivery company Seamless will revamp its fee structure after an investigation by New York state's attorney general found that restaurants could cheat delivery workers out of tips, officials said Tuesday. (r.reuters.com/gus58v)   Continued...