PRESS DIGEST - Wall Street Journal - Aug 17

Fri Aug 17, 2012 2:07am EDT
 

Aug 17 (Reuters) - The following were the top stories in the Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

* Facebook Inc's stock price plumbed a new low on Thursday as early investors were freed to sell some of their stakes, leaving the once-prized stock down nearly 50 percent from its debut and forcing executives of the young internet giant to pump up morale.

* Apple Inc's vision for a new device that can be used as a set-top box includes features designed to simplify accessing and viewing programming and erase the distinction between live and on-demand content, people briefed on Apple's plans said.

* Verizon Wireless won Justice Department approval of its $3.9 billion deal to acquire airwaves from Comcast Corp and other cable companies while agreeing to some relatively light conditions on the deal.

* In a statement, Eastman Kodak Co said discussions with buyers are active and that it isn't ready to announce a result. The company added that it might decline to sell some or all of the patents, depending on how the auction progresses.   Continued...