PRESS DIGEST - Wall Street Journal - September 3

Reuters
09/03
PRESS DIGEST - Wall Street Journal - September 3

Sept 3 (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.

- Google GOOGL.O avoided harsh antitrust penalties for its conduct in the U.S. search market, with a judge barring the company from entering into exclusive deals but rejecting a forced spinoff of its Chrome browser and other sweeping remedies sought by the Justice Department.

- Walt Disney DIS.N will pay $10 million to settle allegations from the Federal Trade Commission that claim the company unlawfully collected children's data for targetted advertising.

- Food giant Kraft Heinz KHC.O said it plans to split its business into two companies, unwinding an industry mega-merger that married two packaged-food behemoths.

- Activist investor HoldCo Asset Management is threatening to nominate board directors at Comerica CMA.N in the latest move to force the regional lender to consider a sale.

- Artificial-intelligence company Anthropic said it is now valued at $183 billion post-money, over twice as much as its earlier valuation, as investor enthusiasm towards AI startups stays strong despite some doubts over tech industry spending.

- TSMC 2330.TW said the U.S. has revoked its authorization to freely ship key equipment to its main Chinese chip-making site, which will make it harder for the company to operate in China.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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