PRESS DIGEST -Wall Street Journal - June 19

June 19 (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.

- CBS Corp is preparing to make an offer for sister media company Viacom Inc in the coming weeks, following a meeting of CBS directors last week in which a potential deal was discussed.

- PG&E Corp has agreed to pay $1 billion to compensate more than a dozen California cities, counties and agencies for losses resulting from deadly wildfires sparked by its equipment.

- Facebook Inc unveiled plans to launch a cryptocurrency in a move that could diversify its business from advertising while expanding into financial services long dominated by Wall Street.

- Nissan Motor Co and Renault SA are poised to resolve a standoff over changes to Nissan's corporate governance ahead of the Japanese car maker's shareholder meeting next week.

Compiled by Bengaluru newsroom