PRESS DIGEST - Wall Street Journal - Dec 3

Dec 3 (Reuters) - The following are the top stories in the

Wall Street Journal on Monday. Reuters has not verified these

stories and does not vouch for their accuracy.

* Delta Air Lines Inc has approached Singapore

Airlines Ltd to discuss buying its 49 percent stake in

British carrier Virgin Atlantic Airways Ltd, three

people familiar with the situation said on Sunday. The Asian

carrier has considered selling its stake in Virgin over the past

five years and has held talks in the past with several airlines,

including Delta. ()

* State regulators on Sunday approved new rules for how U.S.

life insurers set reserves for future claims, a decision that

may free up billions of dollars to help boost the industry's

flagging returns. ()

* SAC Capital Advisors LP, the giant hedge-fund firm

allegedly involved in what the government has described as the

biggest insider-trading case it has ever made, has less than

three months to convince investors to stick with the money

manager. ()

* Embattled BP Plc will fete its investors on Monday

- and many hope that fresh details about its plans as a smaller,

more focused company will outshine last week's negative

headlines. ()

* Cerberus Capital Management LP, working on an acquisition

of Supervalu Inc, has indicated it is willing to pursue

multiple options for the troubled grocer, including a deal to

buy Supervalu's entire business and another to purchase its

Albertsons stores, a person familiar with the matter said. ()

* After years of meteoric growth in China, Yum Brands Inc

- the U.S. company that owns Pizza Hut and KFC - is

starting to stumble in its single biggest market, as intense

competition and fast-food fatigue cause Chinese consumers to

lose their appetite for fried chicken and pizza. ()

* The White House and congressional Republicans remained at

loggerheads - in both public and private - over how to design a

deficit-reduction package, with just a few weeks remaining

before the nation hits the fiscal cliff. ()

* A recent bidding war between Reckitt Benckiser and

Bayer AG for vitamin maker Schiff Nutrition

International Inc could be a taste of things to come, as

consumer-products companies and drug makers jostle to grab a

slice of a growing market for vitamins and health supplements.

Source: http://news.yahoo.com/press-digest-wall-street-journal-dec-3-072125903--sector.html

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