PRESS DIGEST - Wall Street Journal - July 29

Tue Jul 29, 2014 1:57am EDT
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July 29 (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.

* Israel's leaders said they were escalating the military campaign in Gaza and told the country to prepare for a prolonged operation, defying international demands for an immediate cease-fire. (

* Pro-Russia rebels in eastern Ukraine saw some of their worst battlefield setbacks in weeks Monday as the West agreed on tougher sanctions aimed at forcing Moscow to cut support for the militias-posing fresh challenges on two fronts for Russian President Vladimir Putin. (

* The battle for America's poorest consumers intensified on Monday with Dollar Tree Inc's agreement to buy rival Family Dollar Stores Inc for about $8.5 billion. (

* Negotiations between Bank of America Corp and the Justice Department have hit a snag over whether the firm should pay a cash penalty for the dealings of Countrywide Financial Corp and Merrill Lynch & Co Inc. (   Continued...