PRESS DIGEST - Wall Street Journal - Aug 16

Fri Aug 16, 2013 1:18am EDT
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Aug 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.

* Hundreds of Muslim Brotherhood supporters gathered at a Cairo mosque in defiance of a national curfew even as the regime gave its forces live ammunition and the authorization to use it-setting up a showdown two days after Egypt's worst violence in memory left more than 600 dead. ()

* Individual investors are pouring tens of billions of dollars into a new generation of complex investment products, and regulators are raising concerns that not all buyers understand the costs and risks. ()

* The Federal Reserve could hedge its bets by making small moves rather than large, aggressive ones when it starts pulling back on its $85 billion-a-month bond-buying program, said James Bullard, president of the Federal Reserve Bank of St. Louis.()

* Ford Motor said it would cut the fuel-economy rating for its C-Max hybrid, following an investigation by the U.S. Environmental Protection Agency that triggered a broader review of the mileage claims for gas-electric hybrid vehicles. Ford, which is facing lawsuits over the C-Max's mileage from some disappointed customers, said it will send refund checks to customers. It isn't clear how much the refund will cost the company. ()   Continued...