PRESS DIGEST-Wall Street Journal - Jan 31
Jan 31 (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.
- A Delaware judge struck down Elon Musk's multibillion-dollar pay package at Tesla after finding the process for securing its approval "deeply flawed", a major setback for the chief executive of the world's most valuable automaker.
- Universal Music Group, the world's largest music company, said it would stop licensing content to TikTok if the firm fails to reach a new contract with the social-media app to pay its musicians, which include Taylor Swift and Drake.
- United Parcel Service said it planned to shed about 12,000 jobs this year and mandated staff work from offices five days a week starting March 4, as the package-delivery company seeks to boost productivity amid a protracted slowdown in business.
- PayPal plans to trim 9% of its total workforce this year as part of a restructuring plan.
- Dell Technologies ended a deal with former subsidiary VMware, which is owned by Broadcom, to distribute its products.
- A coalition of business groups sued California to overturn a state law that would require thousands of companies to publicly report their greenhouse-gas emissions.
(Compiled by Bengaluru newsroom)
