PRESS DIGEST- New York Times business news - December 18

Reuters12-18 15:54
PRESS DIGEST- New York Times business news - December 18

Dec 18 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- The United States approved $11.1 billion in arms sales to Taiwan, the largest ever U.S. weapons package for the island that is under increasing military pressure from China.

- The annual Academy Awards telecast will move from the ABC broadcast network DIS.N to stream live on YouTube GOOGL.O around the world starting in 2029, organisers said on Wednesday.

- Federal prosecutors filed criminal fraud charges against two top executives at Tricolor Auto, and two other executives have already pleaded guilty to related charges.

- Warner Bros. Discovery WBD.O went on the attack against Larry and David Ellison, urging shareholders to reject their hostile takeover offer and saying the Ellisons have "consistently misled" them.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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