PRESS DIGEST- Wall Street Journal - Sept 9
Sept 9 (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.
-Construction equipment maker,Caterpillar Inc said Thursday it reached a settlement with the Internal Revenue Service that resolves the tax dispute treatment of profits earned from 2007 to 2016 by a subsidiary in Switzerland without any penalties. https://on.wsj.com/3AZvsWN
- A federal judge questioned the Justice Department on Thursday over its antitrust claims that UnitedHealth Group's Inc $13 billion acquisition of health-technology firm Change Healthcare Inc would suppress competition and limit innovation in health insurance markets. https://on.wsj.com/3er3M5m
- Afederal appeals court ruled Thursday that Hedge funds shouldn't be able to keep roughly $500 million they were mistakenly paid by Citigroup Inc on a loan owed by now-bankrupt cosmetics company Revlon Inc in 2020. https://on.wsj.com/3Qxs2Qy
- The head trader of South Florida-based cryptocurrency platform EmpiresX,Joshua David Nicholas pleaded guilty in an alleged investment fraud scheme that raised around $100 million from investors, the Justice Department said on Thursday. https://on.wsj.com/3B4v5tQ
(Compiled by Bengaluru newsroom)
