Dec 11 (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.
- U.S. President-elect Donald Trump on Tuesday selected Andrew Ferguson to lead the Federal Trade Commission. Trump said he would nominate Republican anti-trust lawyer Mark Meador as the FTC commissioner.
- U.S. President-elect Donald Trump said his administration would speed the approval of big construction projects for companies that invest more than $1 billion, signaling his intention to push the limits of federal law to boost the economy.
- U.S. senators Ron Wyden and Elizabeth Warren are pressing TD Bank to disclose what its executives and employees knew about a Chinese money laundering ring that succeeded in moving more than $470 million in funds from drug sales through the bank.
- General Motors has scrapped its Cruise robotaxi program after nearly a decade and $10 billion in development, citing the time and costs needed to scale the business and rising competition.
- Medical-apparel maker Figs received a takeover offer from private-equity firm Story3 Capital Partners that valued the company at more than $1 billion.
- A federal judge blocked Kroger from acquiring Albertsons , siding with the Biden administration anti-trust enforcers who said the $20 billion supermarket merger would erode competition and raise prices for consumers.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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