PRESS DIGEST - Wall Street Journal - July 16

Tue Jul 16, 2013 1:12am EDT
 
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July 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.

* The Senate moved closer to a clash that could stall a range of legislative business, after an unusual, closed-door meeting failed to resolve a dispute over President Barack Obama's executive-branch nominees. ()

* Lowering health-care costs is tougher than improving the quality of care, according to first-year results from a key pilot program under the federal health law. ()

* The nation's biggest publicly traded home builders are on a buying spree, snapping up small privately held companies who made it through the housing slump but now are struggling to find financing. ()

* China unveiled a litany of bribery and misconduct allegations against GlaxoSmithKline, a move that industry experts said could presage a broader crackdown in a lucrative market for pharmaceutical and medical companies. ()   Continued...