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PRESS DIGEST - Wall Street Journal - Oct 14
October 14, 2016 / 5:35 AM / a year ago

PRESS DIGEST - Wall Street Journal - Oct 14

Oct 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.

- Verizon Communications Inc signaled it may demand to renegotiate its $4.8 billion deal for Yahoo Inc following the internet company's recent disclosure of a data breach that affected more than 500 million accounts.

- Consumer-products giant Unilever Plc is raising its UK prices for everything from mayonnaise to shampoo after months of discreet increases amid a Brexit-triggered currency rout that threatens Britons' buying power.

- Xerox Corp's largest individual shareholder, billionaire Darwin Deason, has filed a lawsuit that seeks to block the copier and services giant from splitting itself into two public companies.

- Inc plans to hire 20 percent more seasonal workers for its U.S. warehouses this holiday season as some competitors have kept hiring steady.

- Samsung Electronics Co said it expects about another $3 billion in lost income from to its move to scrap the fire-prone Galaxy Note 7 phone, raising the financial impact of the crisis to the equivalent of about half of its profit last year in the mobile division.

- RSP Permian Inc on Thursday said it agreed to acquire Silver Hill Energy Partners LLC and Silver Hill E&P II LLC for about $2.5 billion.

- HP Inc announced plans that include generating a bit less cash than analysts had anticipated in the next fiscal year while moving to further reduce the company's head count.

- SoftBank Group Corp said Thursday that it was planning to invest in the technology sector through a fund that the Japanese internet and telecommunications conglomerate aims to make among the largest of its kind in the world. (Compiled by Subrat Patnaik in Bengaluru)

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