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PRESS DIGEST-Financial Times, Wall St Journal Asia editions
19 Nov 2008 23:37:33 GMT
 Source: Reuters
SINGAPORE, Nov 20 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or Web site editions on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL TIMES (www.ft.com)

-- India has flexed its maritime muscles by destroying a pirate boat in the Gulf of Aden as part of an international effort to fight the rising tide of hijacks of merchant shipping.

-- The Federal Reserve will take every step required to ensure the United States does not fall into deflation, its vice-chairman said as data showed consumer prices fell a record amount last month.

-- TPG risks losing a substantial investment in a Chinese leasing venture after a business dispute in which the company's local staff called in police to remove the private equity firm's representatives, people familiar with the matter say.

WALL STREET JOURNAL (www.wsj.com)

-- U.S. consumer prices plunged in October, wiping out any remaining concerns about inflation and underscoring the weakness of the nation's economy.

-- At Procter & Gamble Co <PG.N>, the corporate culture is so rigid, employees jokingly call themselves "Proctoids". In contrast, Google Inc <GOOG.O> staff are urged to wander the halls on company provided scooters and brainstorm on public whiteboards. Now, this odd couple thinks they have something to gain from one another - so they've started swapping employees.

-- Some of China's auto manufacturers, hit by slower sales growth in their once-booming home market, are pushing the government to take steps to boost demand for cars, especially small ones.

-- Toyota <7203.T> will stop production at its plants in the U.S. and Canada for two extra days in December and cut 250 temporary workers as it confronts its first U.S. sales decline in 13 years.

-- Advertisers pledged to spend almost $1.4 billion to run commercials on CCTV next year, a sign of their confidence in Chinese consumers' spending habits.

-- The deterioration of the world economy is hurting the shipping and aviation sectors, with Neptune Orient Lines <NEPS.SI> and Air New Zealand <AIR.NZ> announcing a total of 1,200 job cuts.


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A man picks up rubbish as he rows a boat along a lake in Beijing November 19, 2008. China has earmarked 20 billion yuan ($3 billion) of a massive economic stimulus ...


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