PRESS DIGEST - Wall Street Journal - Dec 24

Wed Dec 24, 2014 1:04am EST
 
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Dec 24 (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.

* Sony Pictures reversed course and said it would release "The Interview" on Christmas Day, though only a small number of theaters signed on to show the controversial farce amid fears of reprisals from a group of hackers and frustration with the studio's quick-changing distribution strategy. (on.wsj.com/1rfbd0f)

* United Parcel Service Inc and FedEx Corp started capping air express deliveries in recent days after an 11th-hour increase in packages caused some retailers to exceed agreed-upon limits, according to people briefed on the situation. (on.wsj.com/1wDurxu)

* South Korean department stores are slashing prices to compete with overseas online retailers like Amazon.com Inc , eBay Inc and the Gap Inc as more consumers hunt for bargains from online vendors abroad. (on.wsj.com/16PgBhD)

* U.S. government approvals for U.S. weapon sales to Iraq have nearly tripled this year to almost $15 billion, promising much-needed work for U.S. weapons factories if the proposed deals can overcome congressional concerns. (on.wsj.com/1wji6JJ)   Continued...