August 16, 2019 / 5:30 AM / in 8 months

PRESS DIGEST -Wall Street Journal - Aug 16

Aug 16 (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.

- Harry Markopolos, a whistleblower in the Bernard Madoff Ponzi case, On Thursday alleged that General Electric Co's cash situation is worse than disclosed and that the company needs to boost its insurance reserves.

- Before a giant data breach at Capital One Financial Corp employees raised concerns within the company about what they saw as high turnover in its cybersecurity unit and a failure to promptly install some software to help spot and defend against hacks, according to people familiar with the matter.

- Latin American airline group Avianca Holdings SA is investigating whether it violated U.S. foreign bribery law by giving free tickets and upgrades to government officials.

- Marcato Capital Management LP's assets fell to around $250 million at midyear from $3.2 billion in 2015, people familiar with the numbers said. Marcato's decline in assets is due to poor performance and client redemptions, the people familiar said.

- North Korea fired two short-range projectiles off the country's east coast, Seoul officials said, extending a string of weapons tests that come amid stalled nuclear talks with Washington and a continuing U.S.-South Korea military exercise that has angered Pyongyang.

- U.S. retail sales, a measure of purchases at stores, restaurants and online, climbed a seasonally adjusted 0.7% in July from a month earlier, the Commerce Department said Thursday. (Compiled by Bengaluru newsroom)

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