Nov 10 (Reuters) - The following were the top stories in The Wall Street Journal on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
* European antitrust authorities formally objected to Oracle Corp's proposed purchase of Sun Microsystems Inc due to concerns the merger would hurt competition in the database market, complicating a $7.4 billion deal that U.S. officials had already blessed.
* Overcoming their growing concerns that the broad financial-market rally could end badly, investors plowed more money into U.S. and foreign stocks, gold, oil, copper and junk bonds. The Dow surged to its highest level in 13 months.
* John Grayken, head of real-estate private-equity giant Lone Star Funds, is doing what once would have seemed outlandish: Cutting some of his fees by more than 50 percent.
* Unemployed Americans who have used severance pay and savings to maintain their lifestyles are still out of work, and running out of funds.
* Italian energy giant Eni SpA is facing a threat to its lucrative natural-gas business, long considered a ballast against volatile oil prices, as European Union trade regulators consider breaking up its network. The company is due to testify before EU regulators on Nov. 27 to respond to allegations that it restricted European pipeline competition.
* U.S. Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse would not damage the broader economy.
* The chief executive of Burlington Northern Santa Fe Corp said Warren Buffett's Berkshire Hathaway Inc is liquidating its stakes in rival railroad companies Norfolk Southern Corp and Union Pacific Corp, as Berkshire prepares to close its purchase of Burlington Northern.
* Kraft Foods Inc went hostile with its $16.28 billion takeover bid for Cadbury Plc but refused to budge from the amount offered in its initial overture, leaving the two sides to dig in for what could be a lengthy and bitter battle for control of the British confectioner.
* Fewer banks tightened lending standards for businesses and consumers during the past three months, the U.S. Federal Reserve's latest survey of loan officers showed, a sign that the credit crunch's grip may soon ease.
* Google Inc, stepping up its push to sell more advertising on cellphones, said it will purchase mobile advertising start-up AdMob Inc for $750 million in stock. The purchase -- one of Google's largest deals -- underscores how the search giant is trying to get more creative to extend its dominance in Internet advertising to mobile phones.
* Sprint Nextel Corp said it plans to cut 2,000 to 2,500 jobs, or roughly 5 percent of its work force, as the cellphone-service provider seeks to cut annual costs by at least $350 million. It is the second significant round of cuts this year as the embattled company struggles to return to profitability and subscriber growth.
* Robert McCann, the recently appointed chief of UBS AG's wealth-management business for the U.S., has assembled a team of former Merrill Lynch & Co executives to help him return the struggling unit to profitability.
* Important parts of the British economy appear to be in recovery, with surveys showing a strong pickup in retail sales and housing-market sentiment in October. Keywords: PRESS DIGEST/WSJ

(Compiled by Tenzin Pema; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)

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