Reuters: Bankruptcy News: PRESS DIGEST - Wall Street Journal - March 19

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PRESS DIGEST - Wall Street Journal - March 19 Mar 19th 2012, 07:03 March 19 | Mon Mar 19, 2012 3:03am EDT March 19 (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. * Some of the biggest names on Wall Street are lining up to become landlords to cash-strapped Americans by bidding on pools of foreclosed properties being sold by Fannie Mae. * The U.S. Treasury Department is expected to announce that taxpayers reaped a $25 billion profit on mortgage bonds purchased at the height of the financial crisis. * GM and Peugeot aim to begin joint development of at least two cars by this fall, under an alliance that Akerson says changes how GM does business. * United Parcel Service is close to a $6.8 billion deal to acquire Dutch rival TNT Express, a tie-up that would create a dominant package-shipping company in Europe. * Biotech firms have seen venture financing decline amid the weak economy and poor returns on stock offerings. * The outcome of the Greek credit-default swaps masks flaws in the contracts that have rattled investors and are leading to calls to revamp how the swaps are handled for defaulting sovereign nations. * Dynegy Inc on Friday defended moving assets from a subsidiary to the parent company before the subsidiary filed for bankruptcy protection, fighting back against a bankruptcy examiner who called the transaction a "fraudulent transfer."

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