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PRESS DIGEST- Wall Street Journal - April 23
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PRESS DIGEST- Wall Street Journal - April 23
Apr 22, 2024 11:27 PM

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)

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