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PRESS DIGEST - Wall Street Journal - Sept 1

PRESS DIGEST - Wall Street Journal - Sept 1

reuters.com · 09/01/2021 00:42
PRESS DIGEST - Wall Street Journal - Sept 1

- The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Walmart Inc WMT.N is hiring 20,000 workers for its supply-chain operations ahead of the holidays, highlighting the growing role of distribution and delivery as the retailer competes with e-commerce giant Amazon.com Inc. https://on.wsj.com/38wDJn4

- Canadian National Railway Co's CNR.TO $30 billion bid to buy Kansas City Southern KSU.N ran into a major obstacle Tuesday, with regulators ruling the Canadian railroad won't be permitted to complete a deal using a temporary voting trust that was a crucial part of the offer. https://on.wsj.com/3yxL0Oi

- New York Times Co NYT.N plans to put its consumer product-review site Wirecutter behind a paywall as the publisher looks to further diversify its subscription business beyond its flagship news product. https://on.wsj.com/3t7rBCv

- Walmart Inc WMT.N plans to make grocery delivery available to shoppers in parts of New York City, a market that the world's biggest retailer has struggled to crack over the years. https://on.wsj.com/38wzqbn

(Compiled by Bengaluru newsroom)