PRESS DIGEST -Wall Street Journal - March 18

Reuters
03/18
PRESS DIGEST -Wall Street Journal - March 18

March 18 (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.

- Amazon AMZN.O is planning to sharply cut the number of packages it ships through the U.S. Postal Service, a move that could cost the agency billions of dollars in much-needed revenue.

- Nvidia NVDA.O has restarted manufacturing of its H200 processors for sale in China, Chief Executive Jensen Huang said.

- LG Energy Solution will produce battery cells for Tesla's TSLA.O energy-storage business at a new $4.3 billion Michigan factory.

- Lululemon Athletica LULU.O has appointed former Levi Strauss CEO Chip Bergh to its board as the company faces pressure from its founder, who has been calling for board changes to address weakening U.S. sales.

- Zara, the core label of Spanish group Inditex ITX.MC unveiled a creative partnership with British fashion designer John Galliano to give the brand a fresh look.

- Amazon AMZN.O launched new one-hour and three-hour delivery options in hundreds of U.S. locations. One-hour delivery costs $9.99 for Prime members and $19.99 for others, three-hour delivery costs $4.99 and $14.99.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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