Press Digest: Wall Street Journal - March 10

Black Knight

10/03/2023 06:23

March 10 (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 U.S. Federal Trade Commission on Thursday voted to sue
to block Intercontinental Exchange Inc  ICE.N  from completing
its $11.7 billion acquisition of mortgage software provider
Black Knight Inc  BKI.N . 
    
    - A New York federal jury found a former 21st Century Fox
executive Hernan Lopez guilty of bribing FIFA officials for the
broadcasting rights to lucrative soccer matches, but acquitted
his former subordinate on the same charges. 
    
    - The American Association of Railroads issued a rare
advisory on Thursday calling for certain rail cars to be taken
out of service and inspected amid concerns that loose wheels
might increase the risk of derailments.
    
    - Investors dumped shares of SVB Financial Group  SIVB.O 
and a swath of U.S. banks after the tech-focused lender said it
lost nearly $2 billion selling assets following a
larger-than-expected decline in deposits.
        
  
        - Allison Herren Lee, a former commissioner of the U.S.
Securities and Exchange Commission, has joined whistleblower law
firm Kohn, Kohn & Colapinto LLP. 
        
  
        - General Motors  GM.N  has initiated a voluntary
separation program for the majority of its U.S. salaried
employees, the latest in a series of auto-industry cuts as car
companies coming off a period of robust profitability prepare
for an economic downturn.

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