PRESS DIGEST - Wall Street Journal - Sept 10
Sept 10 (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.
- TikTok's Chinese parent, ByteDance Ltd, is discussing with the U.S. government possible arrangements that would allow the popular video-sharing app to avoid a full sale of its U.S. operations, according to people familiar with the matter. https://on.wsj.com/2ZohWdo
- Luxury-goods giant LVMH Moët Hennessy Louis Vuitton SE said on Wednesday it was backing out of its $16.2 billion takeover of Tiffany & Co, in a sign of how trade tensions and the coronavirus pandemic have taken the air out of the highflying luxury industry. https://on.wsj.com/33jbBki
- Brian Murphy, a Donald Trump administration official, filed a whistleblower complaint alleging that he was instructed to stop disseminating intelligence memos on threats posed by Russia to the presidential election because doing so would be harmful to President Trump, according to records of the complaint released by the House Intelligence Committee. https://on.wsj.com/3k3Jv3r
- U.S. railroad operator Kansas City Southern has rejected a roughly $20 billion takeover offer from a group of investors, arguing that the bid undervalues the company, according to people familiar with the matter. https://on.wsj.com/2ZnzI0g
(Compiled by Bengaluru newsroom)
