Reuters: Bankruptcy News: PRESS DIGEST - Wall Street Journal - Oct 11

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PRESS DIGEST - Wall Street Journal - Oct 11 Oct 11th 2012, 05:54 Thu Oct 11, 2012 1:54am EDT Oct 11 (Reuters) - The following are the top stories in the Wall Street Journal on Thursday. Reuters has not verified these stories and does not vouch for their accuracy. * BAE Systems Plc and EADS called off their merger after the UK, France and Germany failed to agree on how much influence they should have over the combined entity. * JPMorgan Chase and Co's chief financial officer is expected to step down over the next two quarters and is likely to move into a different job at the bank, people close to the company say. * Mitt Romney is deadlocked with President Barack Obama in two key battlegrounds - Florida and Virginia - while still behind in Ohio, according to new polls taken after the Republican's strong performance in the first presidential debate. * Standard & Poor's Ratings Services cut its rating on Spain and maintained a negative outlook, citing the mounting pressures from the country's economic recession. * Eastman Kodak Co said it would terminate its health-care and survivor-benefits program, resolving a $1.2 billion retiree-benefits liability. * A top Federal Reserve official Wednesday called on Congress to consider capping the size of the nation's financial firms, marking one of the most high-profile challenges to the way Wall Street does business. * H&R Block Inc is exploring how to escape the burden of being regulated by the Federal Reserve without giving up on financial services. * Regulators are closely watching how much of a boost U.S. banks give their third-quarter profits by trimming their cushions against bad loans, highlighting an issue that will be in the forefront in coming days as banks report earnings. * European Union Transport Commissioner Siim Kallas is preparing legal action against EU member countries to force faster action on a delayed program to unify the bloc's airspace, according to a speech he will deliver Thursday. Link this Share this Digg this Email Reprints

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