October 1, 2018 / 7:54 AM / 2 months ago

PRESS DIGEST - Wall Street Journal - Oct 1

Oct 1 (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.

- Tesla Inc's Elon Musk's deal with U.S. securities regulators, a stunning turnaround announced over the weekend, allows him to remain chief executive and keep his board seat despite being removed as chairman of the company. on.wsj.com/2ItdGzl

- A European Union privacy watchdog could fine Facebook Inc as much as $1.63 billion for a data breach announced Friday in which hackers compromised the accounts of more than 50 million users, if regulators find the company violated the bloc's strict new privacy law. on.wsj.com/2Iroz4E

- Germany's Thyssenkrupp AG's supervisory board in a meeting Sunday unanimously approved the plan presented last week under the lead of Guido Kerkhoff to divide the company into two independently traded companies - one comprising the company's materials operations and the other the group's capital goods businesses. on.wsj.com/2IuEVcT

- Chinese internet giant Tencent Holdings Ltd announced its first restructuring in six years Sunday, including creating a new division to focus on business services such as cloud computing. on.wsj.com/2Is0fQl

- Saudi Arabia has put on hold a $200-billion plan with SoftBank Group Corp to build the world's biggest solar-power-generation project, Saudi government officials said, in a complication for another eye-catching transformation project in the kingdom. on.wsj.com/2IrrvhG

- California Governor Jerry Brown on Sunday signed a bill reinstating Obama-era open-internet rules in the state, and the Justice Department responded almost immediately with a lawsuit seeking to overturn the net-neutrality law. on.wsj.com/2Iw9Gyk

- Husky Energy Inc said it has made an unsolicited bid to acquire oil-sands producer MEG Energy Corp in what would be a combination of Canadian petroleum companies. The company said it was proposing to purchase MEG for C$3.3 billion ($2.57 billion) in a cash-and-stock deal. on.wsj.com/2Iw9Y8o (Compiled by Bengaluru newsroom)

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