PRESS DIGEST- Wall Street Journal – March 10

March 10 (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.

– The U.S. Federal Trade Commission on Thursday voted to sue to block Intercontinental Exchange Inc from completing its $11.7 billion acquisition of mortgage software provider Black Knight Inc.

– A New York federal jury found a former 21st Century Fox executive Hernan Lopez guilty of bribing FIFA officials for the broadcasting rights to lucrative soccer matches, but acquitted his former subordinate on the same charges.

– The American Association of Railroads issued a rare advisory on Thursday calling for certain rail cars to be taken out of service and inspected amid concerns that loose wheels might increase the risk of derailments.

– Investors dumped shares of SVB Financial Group and a swath of U.S. banks after the tech-focused lender said it lost nearly $2 billion selling assets following a larger-than-expected decline in deposits.

– Allison Herren Lee, a former commissioner of the U.S. Securities and Exchange Commission, has joined whistleblower law firm Kohn, Kohn & Colapinto LLP.

– General Motors has initiated a voluntary separation program for the majority of its U.S. salaried employees, the latest in a series of auto-industry cuts as car companies coming off a period of robust profitability prepare for an economic downturn. (Compiled by Bengaluru newsroom)

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