PRESS DIGEST - Wall Street Journal - May 25
May 25 (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 Pentagon conducted a navy patrol in the South China Sea, U.S. officials said, the first such operation under U.S. President Donald Trump designed to send a signal to China about U.S. intentions to keep critical sea lanes open in the Pacific Ocean. http://on.wsj.com/2rWhAY9
- Federal Reserve officials expected at their policy meeting this month that it would "soon be appropriate" to raise short-term interest rates, a signal the U.S. central bank could move in June at its next gathering. http://on.wsj.com/2qcsDzP
- Federal prosecutors filed insider-trading charges against one of Wall Street's best sources of tradable information from the government, accusing him of relaying a series of tips from an obscure bureaucrat inside a key health-care agency to traders at a New York hedge fund. http://on.wsj.com/2rju3J2
- Sears Holdings Corp sued a vendor for demanding what the retailer says are unjustified changes to their supply contract, the latest signal of supplier discontent with Sears' turnaround strategy. http://on.wsj.com/2qRlW56
- Activist investor Dan Loeb plans to publicly push for changes to the complicated combination and breakup of Dow Chemical and DuPont, according to a presentation reviewed by the Wall Street Journal. http://on.wsj.com/2qYqy7N (Compiled by Bengaluru newsroom)