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PRESS DIGEST- Wall Street Journal - April 23

Reuters
·1-min read

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, saying the merger would give the combined firm too much power in the market for accessible luxury satchels.

- Archer Daniels Midland's 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 and Albertsons 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.

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- Honda Motor 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 Chief Technology Officer Aaron LaBerge is leaving Disney and will be joining betting company Penn Entertainment. (Compiled by Bengaluru newsroom)