PRESS DIGEST - Wall Street Journal - June 20
June 20 (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.
- Billionaire Li Ka-shing, for decades one of the world's wealthiest tycoons, has told associates he plans to step down as chairman of his global conglomerate, CK Hutchison Holdings Ltd by next year. http://on.wsj.com/2skqOAk
- United Parcel Service Inc plans to charge retailers extra fees to deliver packages during the busiest weeks before Christmas, creating a new challenge for an industry already coping with a shift away from traditional stores. http://on.wsj.com/2skUVYv
- Twenty-first century Fox Inc's Fox Networks Group is preparing a new six-second ad format for digital platforms and eventually traditional TV, mirroring an ad format recently adopted by Google's YouTube, the company said. http://on.wsj.com/2skDqaI
- Vice Media has secured a $450 million investment from private-equity firm TPG, as the youth-focused digital media company looks to step up its spending on scripted programming and plans a direct-to-consumer service. http://on.wsj.com/2sksKc4
(Compiled by Bengaluru newsroom)
