PRESS DIGEST - Wall Street Journal - March 4

Reuters

04 Mar

PRESS DIGEST - Wall Street Journal - March 4

March 4 (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.

- Walgreens Boots Alliance WBA.O is nearing a deal with private equity firm Sycamore Partners that would take the struggling drugstore chain private for around $10 billion.

- Taiwanese semiconductor company TSMC 2330.TW plans to make a fresh $100 billion investment in the U.S. that would involve building five additional chips facilities in the country in the coming years, its CEO announced with U.S. President Donald Trump on Monday.

- 23andMe ME.O rejected its CEO and co-founder Anne Wojcicki's proposal to buy back the DNA-testing company at 41 cents a share, as the struggling company explores strategic alternatives.

- U.S. supermarket chain Kroger's KR.N CEO Rodney McMullen resigned from the company following a board investigation into his personal conduct, ending a more than four-decade career at the grocery chain.

- Albertsons ACI.N said on Monday its CEO Vivek Sankaran will retire and insider Susan Morris will assume the top role, as the supermarket chain shifts focus to build its digital sales and retail media business.

- U.S. President Donald Trump said on Monday that 25% tariffs on goods from Mexico and Canada will take effect from Tuesday, adding that there was "no room left" for a deal that would avert the tariffs.

(Reporting by Janaki Venugopalan in Bengaluru)

((Janaki.Venugopalan@thomsonreuters.com;))

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