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Wall Street Journal - June 18



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June 18 (Reuters) -Following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.


- Apple AAPL.O is ending its buy now, pay later service called Apple Pay Later, just over a year after launching it.


- Philip Morris InternationalPM.N affiliate Swedish Match North America has suspended sales on Zyn.com as federal regulators investigate its compliance with a ban on the sale of flavored nicotine pouches.


- A subsidiary of Swiss commodities trading company Trafigura has agreed to pay $55 million to settle the U.S. Commodity Futures Trading Commission's first-ever penalty against a company for impeding reports by whistleblowers.


- TeslaTSLA.O has sued Matthews InternationalMATW.O, a supplier of electric-vehicle batteries, for allegedly disclosing its confidential trade secrets to other companies, including competitors.

- The U.S. Federal Deposit Insurance Corp's five-member board intends to vote on Thursday to downgrade its rating on Citigroup's C.N data-management systems to a "deficiency" from a shortcoming".

- The U.S. Federal Trade Commission said Monday that it will be taking action against software maker Adobe ADBE.O and two of its executives, Maninder Sawhney and David Wadhwani, for allegedly deceiving consumers.


(Compiled by Bengaluru newsroom)

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