Jan 14 (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.

- High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic.

- The Trump administration on Tuesday gave a formal green light to China-bound sales of Nvidia's NVDA.O second most powerful AI chips, putting in place a rule that will likely kickstart shipments of the H200 despite deep concerns among China hawks in Washington.

- JP Morgan JPM.N CEO Jamie Dimon on Tuesday defended the Federal Reserve after it was subpoenaed by the Justice Department, saying that "anything that chips away" at the central bank's independence "is not a good idea."

- Netflix NFLX.O is preparing to make an all-cash offer for Warner Bros Discovery's WBD.O studios and streaming businesses.

- The U.S. government will invest $1 billion in L3Harris Technologies' LHX.N growing rocket motor business, guaranteeing a steady supply of much-needed motors for a wide range of missiles such as Tomahawks and Patriot interceptors.

- Diana Shipping DSX.N said its offer to acquire Genco Shipping & Trading GNK.N was rejected by Genco's board without engaging with the bidder.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))