PRESS DIGEST - Wall Street Journal - Dec 10

Wed Dec 10, 2014 1:14am EST
 
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Dec 10 (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.

* House and Senate lawmakers reached an agreement on a nearly $1.1 trillion bill to fund most of the government through September and avert a shutdown, aides said. (on.wsj.com/135p0MD)

* The Keystone XL pipeline was touted as a model for energy independence and a source of jobs when TransCanada Corp announced plans to build the 1,700-mile pipeline six years ago. But the crude-oil pipeline's political and regulatory snarls since then have emboldened resistance to at least 10 other pipeline projects across North America. (on.wsj.com/1wbG4Lw)

* The Securities and Exchange Commission told policy-research firm Marwood Group that it intends to recommend bringing civil charges against the company, in what would be the first action against the policy-research business since Congress sought to rein in the flow of market-moving information from Washington to Wall Street. (on.wsj.com/12LdCnL)

* The Navy is testing a new laser it is developing by using it on targets such as drones and small boats in the Persian Gulf. Top Navy leaders say the laser could become a critical defense on a future generation of warships and offers great potential as a precise and economical weapon. A single shot from the laser could bring down a drone or blow up the engine of a small boat, officials said. (on.wsj.com/1sbqhwS)   Continued...