Press Digest: Wall Street Journal - Dec 19

Azure Minerals

19/12/2023 05:10

Dec 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.

    - Google parent Alphabet  GOOGL.O  agreed to pay $700
million and make certain changes to its app store, settling one
of several antitrust challenges to the search-engine company.

    - United States Steel agreed to be acquired by Nippon Steel
 5401.T  in a $14.1 billion deal that would give the Japanese
corporation a major role in U.S. steelmaking and end the
independence of one of America's oldest, most storied industrial
enterprises.

    - Adobe  ADBE.O  has called off its planned $20 billion
acquisition of the collaboration software company Figma, weeks
after a U.K. regulator warned that the deal would likely harm
innovation.

    - Apple  AAPL.O  is set to halt sales of its Series 9 and
Ultra 2 smartwatches in the coming days as it prepares to comply
with a U.S. import ban ordered by a federal trade agency that
found the company violated patents of a competitor.

    - Amazon  AMZN.O  is in talks to invest in the biggest
regional sports programmer Diamond Sports, a move that would
advance the e-commerce giant's aggressive push into sports
content.

    - Chilean lithium company Sociedad Quimica y Minera de Chile
 SQMA.SN  and Australia's richest person, Gina Rinehart, have
struck a deal to buy explorer Azure Minerals  AZS.AX  valued at
roughly A$1.70 billion ($1.14 billion).

    - Enphase Energy  ENPH.O  said it will cut about 10% of its
workforce, including contractors and employees, and close
manufacturing facilities as part of a restructuring plan.     

($1 = 1.4874 Australian dollars)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))