PRESS DIGEST - Wall Street Journal - Sept 24
Sept 24 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
* The Securities and Exchange Commission is investigating whether bond giant Pacific Investment Management Co artificially boosted the returns of Pimco Total Return ETF, according to people familiar with the matter, the latest challenge for the firm run by investor Bill Gross. (on.wsj.com/1xbTjx3)
* Pfizer Inc explored a potential tax-lowering takeover of rival Actavis PLC in recent weeks, but talks between the two pharmaceutical companies have ended, according to a person familiar with the matter. (on.wsj.com/ZcBTT4)
* Investors had to wait more than a decade for a bank offering the size of Citizens Financial Group Inc's $3 billion initial stock sale. In the deal priced Tuesday, Royal Bank of Scotland Group PLC offered 140 million shares of the U.S. regional bank for $21.50 each. That is below the company's expected range of between $23 and $25 a share, according to filings. Citizens' common stock is expected to begin trading on the New York Stock Exchange on Wednesday under the ticker "CFG." (on.wsj.com/1mrSmNc)
* Executives from the top oil companies in the Bakken Shale told state regulators that their crude is safe to transport by train, opposing possible requirements that they make the oil less volatile before shipping it. The industry pushback comes as North Dakota considers new rules on treating crude to stabilize it, spurred by growing public concern about the safety of oil-laden trains crisscrossing the country.(on.wsj.com/1uXEg7F) Continuación...