PRESS DIGEST- Wall Street Journal - Dec. 6

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 PRESS DIGEST- Wall Street Journal - Dec. 6
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Dec 6 (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.

- Meta Platforms Inc is threatening to remove news from Facebook in the U.S. if Congress passes legislation meant to help publishers team up to negotiate payments from tech companies, echoing similar warnings that the company has lobbed at various governments around the world.

- Hertz Global Holdings Inc. said it would pay about $168 million to settle 364 pending claims related to vehicle-theft reporting, some instances of which have allegedly led customers to face wrongful arrest for car theft.

- PepsiCo Inc. is laying off workers at the headquarters of its North American snacks and beverages divisions, a signal that corporate belt-tightening is extending beyond tech and media.

- Salesforce Inc. said Stewart Butterfield, the chief executive and co-founder of the messaging app Slack Technologies, plans to leave the company next month.

- Nike Inc. has cut ties with Kyrie Irving after having an endorsement deal with the basketball star for more than a decade.

- Uber Technologies Inc. agreed to a multimillion-dollar settlement with the city of Chicago over what authorities there called deceptive practices at UberEats and Postmates. (Compiled by Bengaluru newsroom)


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