August 23, 2018 / 4:45 AM / 8 months ago

PRESS DIGEST - Wall Street Journal - Aug 23

Aug 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.

- U.S. buyout firm KKR & Co Inc is in talks to acquire Fiat Chrysler Automobiles NV’s global auto parts business Magneti Marelli.

- JPMorgan Chase & Co is in the process of laying off around 100 employees in its asset-management division as the bank makes staffing adjustments amid market shifts.

- The Securities and Exchange Commission rejected applications for nine separate bitcoin-based exchange-traded funds on Wednesday, once again thwarting an attempt to build an ETF product based upon the volatile cryptocurrency.

- Facebook Inc pulled its data-security app from Apple Inc app store after the iPhone maker ruled that the service violated its data-collection policies.

- Lowe's Co plans to shut down Orchard Supply Hardware stores, a small regional hardware chain it acquired five years ago, and the company's CEO said Wednesday a portfolio review is underway to determine the future of other non-retail investments.

Compiled by Bengaluru newsroom

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below