PRESS DIGEST - Wall Street Journal - June 20

Thu Jun 20, 2013 1:55am EDT
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June 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.

* U.S. Federal Reserve Chairman Ben Bernanke said the Fed could start winding down its $85 billion-a-month bond-buying program later this year, setting up a high-stakes test to see if the economy and markets can begin to stand on their own. ()

* The UK is considering splitting the Royal Bank of Scotland into two banks: one housing the lender's healthy assets and the other, its pile of troubled loans and securities, a move that underscores policy makers' frustration. ()

* Economic sanctions against Iran have made it hard for Iranians to do business abroad. But Iranian businessmen are flocking to Georgia, a U.S. ally in the Caucasus region, to pursue profits. ()

* Microsoft Corp was recently in advanced discussions with Nokia about a purchase of its device business, in a marriage that could have reshaped the mobile-phone industry. ()   Continued...