March 12 (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.
- In a rapid reversal that left U.S. allies stunned, the
Trump administration shifted from opposing the largest-ever
intervention in oil markets to cajoling allies into moving
forward with the maneuver in a matter of hours.
- A federal judge granted Amazon ( AMZN ) a preliminary
injunction earlier this week barring Perplexity from using an AI
agent from its Comet browser to access password-protected parts
of Amazon's ( AMZN ) website to shop on behalf of a human customer while
the case winds its way through court.
- Billionaire Tilman Fertitta has been in exclusive talks to
buy Caesars Entertainment ( CZR ) for roughly $7 billion after
he topped a competing offer from billionaire investor Carl
Icahn's firm.
- A Qatari-backed investment fund Irth has submitted a bid
to take pizza chain Papa John's International private
and agreed to pay $47 per share, which would value Papa Johns ( PZZA ) at
around $1.5 billion.
- Janus Henderson's board unanimously rejected an
unsolicited takeover proposal from Victory Capital, reaffirming
its recommendation that shareholders back a previously disclosed
take-private transaction by Nelson Peltz's Trian Fund Management
and venture firm General Catalyst.
- Cintas ( CTAS ), a maker of workplace products, agreed to
acquire UniFirst ( UNF ) in a deal with an enterprise value of
$5.5 billion, more than four years after it first bid for the
smaller uniform supplier.
(Compiled by Bengaluru newsroom)