Aug 3 (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.
– Microsoft Corp said it will move forward with plans to buy the U.S. operations of the hit video-sharing app TikTok, capping weeks of covert dealmaking that were almost upended by an 11th-hour intervention from President Donald Trump. https://on.wsj.com/2EC6qDo
– Fuel maker Marathon Petroleum Corp said it has agreed to sell its gas stations to the owners of the 7-Eleven convenience store chain for $21 billion in the largest U.S. energy-related deal of the year. https://on.wsj.com/31bhE9M
– Tailored Brands Inc, the parent company of Men’s Wearhouse and Jos. A. Bank, has filed for bankruptcy after the coronavirus pandemic slashed demand for dress clothes. https://on.wsj.com/3k7izjV
– Luxury department store chain Lord & Taylor, an industry pioneer dating back nearly 200 years, filed for bankruptcy along with its owner, the venture-backed fashion-rental subscription service Le Tote Inc. https://on.wsj.com/33jpuAI
(Compiled by Bengaluru newsroom)
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