Press Digest: Wall Street Journal - March 11

Rocket Companies

11/03/2025 04:27

March 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.

- Alimentation Couche-Tard ATD.TO reiterated its plans to take over Seven & I 3382.T and said there was uncertainty over whether the 7-Eleven owner's latest business plan could deliver value to shareholders.

- Mortgage giant Rocket RKT.N agreed to buy real-estate brokerage Redfin RDFN.O in a deal that values the target at $1.75 billion.

- San Diego-based Illumina ILMN.O is reducing its forecast for this year's financial performance and cutting $100 million in spending because China barred sales of the company's gene-sequencing machines.

- Eric Schiele, a top dealmaker at Kirkland & Ellis, is departing the law firm to help lead the global mergers and acquisitions practice at Paul Hastings in New York.

    - Beacon Roofing Supply BECN.O and QXO QXO.N have launched discussions about a potential combination in which Brad Jacobs' company would acquire Beacon for around $7.7 billion.

    - A tanker carrying jet fuel for the U.S. military was hit by a container ship off northeast England on Monday, with the collision igniting a blaze on both vessels, causing multiple explosions and forcing both crews to abandon ship.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))