Reuters: Market News: PRESS DIGEST - Wall Street Journal - March 30

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PRESS DIGEST - Wall Street Journal - March 30 Mar 30th 2012, 06:59 March 30 | Fri Mar 30, 2012 2:59am EDT March 30 (Reuters) - The following were the top stories in The Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for their accuracy. * Federal authorities are struggling to crack down on what they describe as a widespread scheme that has already likely defrauded the Internal Revenue Service of billions of dollars using the stolen identities of Puerto Rican citizens. * U.S. companies with junk credit ratings are piling into the debt markets at a record pace, seizing on some of the lowest borrowing costs in history and strong demand from investors craving higher returns. * The first outside audit of Apple's supply chain found excessive working hours and health and safety issues at its largest manufacturer, Hon Hai. * A series of recent developments in India have increased the perception that the country has a risky business environment where policies suddenly can turn hostile. * Google, undaunted by a short-lived attempt to sell a smartphone on its own, is now pushing into Apple's iPad market by selling tablets directly to consumers through an online store. * BATS Global Markets Inc is considering suspending its efforts to recruit corporate listings after a software glitch last Friday derailed the exchange operator's IPO, people familiar with the matter said. * Best Buy Co, which once out-muscled rivals with stores as big as 58,000 square feet, is moving away from the "big box" business model that it long used to crush competitors in consumer-electronics retailing. Link this Share this Digg this Email Reprints

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