Press Digest: Wall Street Journal - Dec 11
11/12/2024 05:40
Dec 11 (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.
- U.S. President-elect Donald Trump on Tuesday selected
Andrew Ferguson to lead the Federal Trade Commission. Trump said
he would nominate Republican anti-trust lawyer Mark Meador as
the FTC commissioner.
- U.S. President-elect Donald Trump said his administration
would speed the approval of big construction projects for
companies that invest more than $1 billion, signaling his
intention to push the limits of federal law to boost the
economy.
- U.S. senators Ron Wyden and Elizabeth Warren are pressing
TD Bank TD.TO to disclose what its executives and employees
knew about a Chinese money laundering ring that succeeded in
moving more than $470 million in funds from drug sales through
the bank.
- General Motors GM.N has scrapped its Cruise robotaxi
program after nearly a decade and $10 billion in development,
citing the time and costs needed to scale the business and
rising competition.
- Medical-apparel maker Figs FIGS.N received a takeover
offer from private-equity firm Story3 Capital Partners that
valued the company at more than $1 billion.
- A federal judge blocked Kroger KR.N from acquiring
Albertsons ACI.N , siding with the Biden administration
anti-trust enforcers who said the $20 billion supermarket merger
would erode competition and raise prices for consumers.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))