PRESS DIGEST - Wall Street Journal - Aug 17
Aug 17 (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.
- Business leaders disbanded two CEO councils created by the White House, a move they said was protesting Donald Trump's failure to sufficiently condemn racism, marking a dramatic break between U.S. companies and a president who has sought close ties with them. http://on.wsj.com/2w3vk9d
- Apple Inc has set a budget of roughly $1 billion to procure and produce original content over the next year, as the iPhone maker shows how serious it is about making a splash in Hollywood. http://on.wsj.com/2w3Njwm
- Facebook Inc dismantled a popular anonymous discussion board for employees last year that had become a forum for conservative political debate that sometimes degenerated into racist or sexist comments. http://on.wsj.com/2w3zOMU
- Recent moves by tech companies including Alphabet Inc's Google, GoDaddy Inc, Uber and GoFundMe to crack down on white supremacists thrust them into unusual territory for corporations that often take a more hands-off approach. http://on.wsj.com/2w3R19g
- President Trump's comments faulting both sides in Saturday's deadly white nationalist protest in Virginia rattled his staff and risk setting back his policy agenda in Congress. http://on.wsj.com/2w3LqQ5
(Compiled by Bengaluru newsroom)
