PRESS DIGEST - Wall Street Journal - Oct 3

Thu Oct 3, 2013 1:13am EDT
 
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Oct 3 (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.

* Obama and congressional leaders met for the first time since the federal government shut down, emerging with no evidence of progress toward resolving their impasse over spending and health care. ()

* Activist hedge-fund manager William Ackman has restructured his big bet against Herbalife Ltd to protect against further paper losses. Ackman said he wanted to mitigate his firm's risks while still providing for big gains if Herbalife shares decline within the near future, as he expects. ()

* Federal prosecutors are investigating whether the top executive at Cantor Fitzgerald LP's gambling unit participated in his company accepting illegal sports bets, according to people familiar with the matter. ()

* The United States is overtaking Russia as the world's largest producer of oil and natural gas, a startling shift that is reshaping markets and eroding the clout of traditional energy-rich nations. ()   Continued...