PRESS DIGEST - Wall Street Journal - June 17

Tue Jun 17, 2014 12:21am EDT
 
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June 17 (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.

* German engineering giant Siemens AG and Japanese conglomerate Mitsubishi Heavy Industries Ltd launched a bid for Alstom SA's energy business, hoping to thwart General Electric Co's earlier $17 billion offer for the French industrial group with a pitch that is as much about politics as finance. (link.reuters.com/haq22w)

* General Motors on Monday pushed its repair-cost estimate for auto recalls this year to $2 billion as it disclosed plans to replace potentially faulty ignition keys on 3.37 million older model cars in North America. (link.reuters.com/jaq22w)

* An internal report on General Motors Co's blunders handling a deadly safety defect included a mistake of its own: It incorrectly said the service bulletins that auto makers send to dealers, which might have offered a clue to the problem, were readily available on a U.S. website. The service bulletins are issued by car companies to notify dealers of problems that have been reported by drivers, mechanics and others and to outline any necessary fixes. (link.reuters.com/maq22w)

* BP PLC won its first new energy contract from the Pentagon since U.S. government sanctions imposed after the Deepwater Horizon disaster were lifted, regaining a foothold in a market that is set to grow. The $43 million natural-gas deal was the company's first new Defense Department supply contract in almost 18 months. (link.reuters.com/naq22w)   Continued...