PRESS DIGEST - Wall Street Journal - Aug 13
Aug 13 (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.
* Janet Yellen, a top contender to lead the U.S. Federal Reserve, has evolved in her own words from a slightly "docile" regional bank regulator, into a proponent of hard and clear rules designed to make banks less risky. While some bankers overseen by Yellen describe her as a determined regulator, critics note that she had a front row seat for some of the turbulence that sent the economy into a tailspin and could have done more to prevent rampant real estate speculation. ()
* Mexico moved to end the country's 75 year-old monopoly on oil and gas production, potentially opening up some of the world's biggest remaining untapped oil reserves to private companies and setting the stage for a new energy boom on the U.S. doorstep. ()
* BlackBerry Ltd has formed a board committee to consider options including a sale of the company, as the smartphone pioneer struggles to turn around a market-share slide despite recently launching new devices. ()
* Blackstone Group LP has agreed to buy majority stakes in about 80 apartment complexes from the financing arm of General Electric Co in a deal that values the portfolio at $2.7 billion. The apartment buildings, with roughly 30,000 units, are in Dallas, Atlanta and other parts of Texas and the Southeast. () Continued...