PRESS DIGEST - Wall Street Journal - March 20

Wed Mar 20, 2013 3:05am EDT
 
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March 20 (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.

* JP Morgan Chase & Co was downgraded in a confidential government scorecard over concerns about the company's management and its board, a blow to a firm that has long been considered one of the best-run on Wall Street. ()

* Walgreen Co, Alliance Boots GmbH and AmerisourceBergen Corp are forming a partnership to distribute and sell prescription drugs, a move that could transform the way medications are purchased and shipped globally. ()

* Federal regulators are investigating Microsoft Corp's relationship with business partners that allegedly bribed foreign government officials in return for software contracts, according to people familiar with the matter. ()

* The European banks that own Visa Europe may soon decide to sell the credit-card organization to U.S.-based Visa Inc and set up a rival system in Europe. ()   Continued...