August 31, 2016 / 5:06 AM / 2 years ago

PRESS DIGEST - Wall Street Journal - Aug 31

Aug 31 (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.

- Donald Trump is planning a quick trip Wednesday to Mexico to meet with President Enrique Pena Nieto, shortly before the Republican presidential nominee is slated to give a speech on immigration in Phoenix.

- Google is moving onto Uber Technologies Inc's turf with a ride-sharing service to help San Francisco commuters join carpools, a person familiar with the matter said, jumping into a booming but fiercely competitive market.

- Rep. Debbie Wasserman Schultz, the Florida Democrat who was pressured into giving up her post as chair of the national party on the eve of its presidential convention, survived a high-profile primary challenge for her House seat Tuesday.

- Theranos Inc withdrew its request for emergency clearance of a Zika-virus blood test after federal regulators found that the company didn't include proper patient safeguards in a study of the new test, said people familiar with the matter.

- The European Union's antitrust regulator has demanded that Ireland recoup roughly 13 billion euros ($14.51 billion) of unpaid taxes accumulated over more than a decade by Apple Inc , a move that intensifies a feud between the EU and the U.S. over the bloc's tax probes into American companies.

- Forterra Systems Inc, a California startup focused on virtual reality, was in need of money and its products didn't have much commercial appeal. Then funds came in from a source based far from Silicon Valley: In-Q-Tel Inc, a venture-capital firm in Virginia funded by the Central Intelligence Agency.

- The European Commission's ruling Tuesday that Apple Inc must pay $14.5 billion in back taxes to Ireland marked a sharp break with the U.S. Treasury Department and further complicates efforts to forge a bipartisan deal on U.S. tax policy that had seemed plausible but remains out of reach.

- A gauge of U.S. consumer confidence rose to the highest level in nearly a year in August, suggesting that household spending will remain a key support for the economy. The Conference Board's consumer-confidence index climbed to 101.1 in August from 96.7 in July, the group said Tuesday.

- Dell Inc Tuesday said it received regulatory clearance from China and intends to complete its merger with EMC Corp on Sept. 7. The $60 billion deal will be the largest technology merger ever.

$1 = 0.8961 euros Compiled by Aurindom Mukherjee in Bengaluru

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