PRESS DIGEST - Wall Street Journal - June 6

Fri Jun 6, 2014 2:08am EDT
 
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June 6 (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.

* Bank of America is in talks to pay at least $12 billion to settle probes by the Justice Department and a number of states into the bank's alleged handling of shoddy mortgages. (r.reuters.com/rap89v)

* General Motors Co CEO Mary Barra vowed to upend the corporate culture responsible for what she denounced as a "pattern of incompetence and neglect" in the auto maker's failure to recall cars equipped with a defective ignition switch. (r.reuters.com/buq89v)

* Oil-sands and other Canadian crude-oil producers, who have long exported mainly to the United States, would like to diversify their markets but are stymied by poor access to ocean ports. (r.reuters.com/cuq89v)

* SEC Chair Mary Jo White unveiled a sweeping set of initiatives to address mounting concerns about the impact of computer-driven trading on the stock market. (r.reuters.com/fuq89v)   Continued...