Wall Street Journal Top Online Stories: Tue 11/23/10

By Newsroom America Staff at 22 Nov 2010

The Wall Street Journal lead headline online early Tuesday morning says "Hedge Funds Raided As Probe Widens." The paper says in the most read story a three-year insider-trading investigation shifted into high gear as government agents raided the offices of three large hedge funds.

The paper says Ireland's coalition government began to unravel in the wake of an unpopular international bailout and Prime Minister Brian Cowen pledged to call an election next year if a crucial budget package is approved.

It says Iran's parliament pushed to impeach President Ahmadinejad but was blocked from doing so by the country's supreme leader, Ayatollah Ali Khamenei.

The paper says after 20 years of stocking up, more shoppers now buy goods just when they need them, forcing companies to overhaul the way they produce and distribute.

It says a pair of private equity firms are close to deal to acquire clothing retailer J. Crew Group for $43.50 a share in cash, or about $3 billion, people familiar with the matter said.

And the paper says how a new breed of mortgage-loan detectives are combing for fraud to decide who pays for the foreclosure-paperwork debacle.


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