Wall Street Journal - July 1
July 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.
- Boeing BA.N said on Monday it would buy Spirit AeroSystems SPR.N in a $4.7 billion all-stock deal following months of talks, as it tries to resolve a sprawling corporate and industrial crisis that has also engulfed the key supplier.
- The U.S. Justice Department will criminally charge Boeing BA.N with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial.
- BlackRock BLK.N has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash in an expansion by the world's biggest asset management company into the private markets data segment.
- Top Democrats on Sunday ruled out the possibility of replacing President Joe Biden as the Democratic nominee after a feeble debate performance and called on party members to focus instead on the consequences of a second Donald Trump presidency.
- Former Republican presidential contender Nikki Haley said Democrats need to dump President Biden as their presumptive nominee following his halting debate performance as she reiterated her calls for cognitive testing of all federal candidates.
($1 = 0.7896 pounds)
(Compiled by Bengaluru newsroom)
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