PRESS DIGEST - Wall Street Journal - Aug 8

Thu Aug 8, 2013 1:08am EDT
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Aug 8 (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.

* The Justice Department is targeting banks that service a broad range of what it considers questionable financial ventures, including online payday lenders. The government has issued subpoenas to banks and other companies that handle payments for an array of financial offerings, ramping up an investigation that has been under way for several months. ()

* Google Inc's Android software continues to steamroll the competition in smartphones, posing bigger problems for companies like Apple Inc and BlackBerry Ltd . According to research firm IDC, Apple's share of the global market slid to 13.2 percent in the second quarter from 16.6 percent in the year earlier period. ()

* Groupon Inc on Wednesday named co-founder and interim co-chief executive Eric Lefkofsky as its permanent CEO. It also said second-quarter revenue rose 7 percent on the back of surging North American sales. ()

* Hotel chain Hilton Worldwide Inc is preparing for a return to the public markets, choosing four banks to manage a share sale as the hotel group's private equity owner looks to capitalize on a rebounding real estate market and strong investor demand for initial public offerings. ()   Continued...