Press Digest: Wall Street Journal - Jan 25

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25/01/2023 06:42

Jan 25 (Reuters) - Following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
    - Ford Motor Co  F.N  is in talks with Chinese
electric-vehicle maker BYD Co  002594.SZ  over the sale of a
manufacturing plant in Germany, according to people familiar
with the discussions.
    - Rupert Murdoch called off his effort to merge the two
parts of his media empire, News Corp  NWSA.O  and Fox Corp
 FOXA.O , saying the transaction "is not optimal" for
shareholders of the companies at this time.
    - New York-based Popular Bank, a subsidiary of Puerto
Rico-based Popular Inc  BPOP.O , has been fined $2.3 million for
allegedly failing to stop fraud by applicants to the Paycheck
Protection Program, the U.S. federal government's massive
Covid-related bailout for struggling small businesses.
    - Johnson & Johnson  JNJ.N  confirmed during an earnings
call on Tuesday that its consumer health business is on track to
become independent this year, as earlier this month, J&J filed
for an initial public offering of the unit as a separate company
called Kenvue.
        - Dollar Tree Inc  DLTR.O  said Tuesday that Michael
Witynski, who has been CEO since July 2020, is leaving on Jan.
28, with Richard Dreiling, who has been executive chairman since
last March, taking on the additional role.
        - Amazon.com Inc  AMZN.O  is launching a new benefit for
Prime members that offers unlimited access to commonly
prescribed generic medications for $5 a month, in the e-commerce
giant's latest move into healthcare.
 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))