PRESS DIGEST -Wall Street Journal - December 16

Reuters12-16

PRESS DIGEST -Wall Street Journal - December 16

Dec 16 (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.

- Ford Motor F.N said Monday it expected to take about $19.5 billion in charges, mainly tied to its electric-vehicle business,

- U.S. President Donald Trump sued the BBC on Monday for defamation, his lawsuit alleges the BBC defamed him and violated a Florida law that bars deceptive and unfair trade practices. He is seeking $5 billion in damages for each of the lawsuit's two counts.

- PayPal PYPL.O has applied to form a bank offering business loans and savings accounts.

- Frontier Group Holdings ULCC.O named James Dempsey interim chief executive officer effective immediately, succeeding Barry Biffle, who had been at the company for 11 years and served as CEO since 2016.

- Stellantis STLAM.MI has hired more than 1,000 employees in the span of roughly two months as it works to meet a goal of 1,500 new jobs at its assembly plant in Windsor, Ontario.

- Luminar Technologies, which makes sensor technology for self-driving cars, filed for bankruptcy after losing a supply contract with Volvo Cars.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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Reuters has not verified these stories and does not vouch for their accuracy.- Ford Motor F.N said Monday it expected to take about $19.5 billion in charges, mainly tied to its electric-vehicle business, - U.S. President Donald Trump sued the BBC on Monday for defamation, his lawsuit alleges the BBC defamed him and violated a Florida law that bars deceptive and unfair trade practices. 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