Press Digest: Wall Street Journal - June 18

Matthews International

18/06/2024 05:17

June 18 (Reuters) - Following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    - Apple  AAPL.O  is ending its buy now, pay later service
called Apple Pay Later, just over a year after launching it. 
    
    - Philip Morris International PM.N  affiliate Swedish Match
North America has suspended sales on Zyn.com as federal
regulators investigate its compliance with a ban on the sale of
flavored nicotine pouches.
    
    - A subsidiary of Swiss commodities trading company
Trafigura has agreed to pay $55 million to settle the U.S.
Commodity Futures Trading Commission's first-ever penalty
against a company for impeding reports by whistleblowers.
    
    - Tesla TSLA.O  has sued Matthews International MATW.O , a
supplier of electric-vehicle batteries, for allegedly disclosing
its confidential trade secrets to other companies, including
competitors.
        
  
        - The U.S. Federal Deposit Insurance Corp's five-member
board intends to vote on Thursday to downgrade its rating on
Citigroup's  C.N  data-management systems to a "deficiency" from
a shortcoming".  
        
  
        - The U.S. Federal Trade Commission said Monday that it
will be taking action against software maker Adobe  ADBE.O  and
two of its executives, Maninder Sawhney and David Wadhwani, for
allegedly deceiving consumers.
        
  
        
  

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