Reuters: Bankruptcy News: PRESS DIGEST - Wall Street Journal - March 12

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PRESS DIGEST - Wall Street Journal - March 12 Mar 12th 2012, 06:28 March 12 | Mon Mar 12, 2012 2:28am EDT March 12 (Reuters) - The following were the top stories in The Wall Street Journal on Monday. Reuters has not verified these stories and does not vouch for their accuracy. * A U.S. soldier opened fire on Afghan villagers, killing 16 people, in an incident sure to inflame tensions between Kabul and Washington. * Banks won a handful of concessions in the $25 billion settlement of alleged foreclosure abuses, as U.S. officials struck a balance between their desire to be tough and the need to provide relief. * PepsiCo Inc is moving to deepen its management bench and line up a potential successor to Chairman and Chief Executive Indra Nooyi, tapping an outsider to a senior role and an internal candidate to a new post following investor frustration with the company's recent performance. On Monday, the Purchase, New York, company plans to name former senior Wal-Mart Stores Inc executive Brian Cornell to head the company's largest and most profitable unit, according to people familiar with the matter. * Molycorp's $1.3 billion deal to acquire Neo Material Technologies, a key processor of rare-earth minerals, provides a reminder of how much technological rare-earth capability resides in China. * Glencore International AG and Cargill Inc are among companies that are interested in possibly buying Canadian agribusiness heavyweight Viterra Inc, according to people familiar with the matter, as a wave of consolidation in the industry swells. Link this Share this Digg this Email Reprints

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