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PRESS DIGEST- New York Times business news - Dec 11
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PRESS DIGEST- New York Times business news - Dec 11
Dec 11, 2024 1:38 AM

Dec 11 (Reuters) - The following are the top stories on

the New York Times business pages. Reuters has not verified

these stories and does not vouch for their accuracy.

- A U.S. judge sided with the Federal Trade Commission in

its lawsuit seeking to halt Kroger's ( KR ) $24.6 billion

acquisition of rival grocery chain Albertsons ( ACI ).

- General Motors ( GM ) said it will end robotaxi

development at its majority-owned, money-losing Cruise business,

a blow to the ambitions of the largest U.S. automaker which had

made the advanced technology unit a top priority.

- A U.S. bankruptcy judge stopped the parody news site the

Onion from buying conspiracy theorist Alex Jones' Infowars

website, ruling that a bankruptcy auction did not result in the

best possible bids.

- The Biden administration transferred $20 billion to

Ukraine on Tuesday, providing an urgently needed economic

lifeline in the form of a loan that will be repaid using

interest earned from Russia's frozen central bank assets.

(Compiled by Bengaluru newsroom)

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