Press Digest: Wall Street Journal - Jan 23

Forward Air (Delaware)

23/01/2024 07:03

Jan 23 (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.
    
    - Fuel distributor Sunoco  SUN.N  has agreed to buy liquids
terminal and pipeline operator NuStar Energy  NS.N  in a
stock-swap transaction valued at about $7.3 billion, including
assumed debt.
    
    - Google Cloud this month removed fees customers pay to move
their data out of its cloud platform and into another provider
or a data center, becoming the first among major cloud providers
to do so.
    
    - Forward Air  FWRD.O  plans to move ahead with its
acquisition of freight forwarder Omni Logistics with a smaller
price tag, ending a drawn-out saga over the combination.
    
    - U.S. regulators on Monday said that they signed off on
billionaire Howard Lutnick's plan to introduce FMX Futures
Exchange, a new market for interest-rate futures which is
dominated by exchange giant CME Group  CME.O .
        
  
        - The U.S. central bank's internal watchdog on Monday
cleared two former presidents of Dallas and Boston Federal
Reserve banks after a two-year-long investigation into their
trading practices found that both did not break the law but
created the appearance of a conflict of interest in how they
invested and reported their financial activity from 2019 to
2021.
        
  
        - U.S. lawmakers have urged the Biden administration to
do more to crack down on the import of goods linked to Chinese
forced labor, including by potentially ramping up criminal
prosecutions and closing a trade loophole used by e-commerce
companies Shein and Temu.
        
  
        
  

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