April 23 (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.
- The Federal Trade Commission on Monday sued to block
Tapestry's $8.5 billion acquisition of rival Capri
Holdings ( CPRI ), saying the merger would give the combined
firm too much power in the market for accessible luxury
satchels.
- Archer Daniels Midland's ( ADM ) CFO, Vikram Luthar, will
resign later this year as the company faces an investigation by
the Justice Department amid scrutiny over its accounting
practices.
- Kroger ( KR ) and Albertsons ( ACI ) said that they would
now sell 579 stores under a revised deal with C&S Wholesale
Grocers, a bid to appease competition regulators and close their
long-pending merger.
- Honda Motor ( HMC ) is nearing a deal to assemble
electric vehicles and components in Canada, with the government
agreeing to partly offset the Japanese auto maker's capital
costs through recently unveiled tax breaks.
- Disney Entertainment and ESPN ( DIS ) Chief Technology Officer
Aaron LaBerge is leaving Disney ( DIS ) and will be joining
betting company Penn Entertainment.
(Compiled by Bengaluru newsroom)