Wall Street Journal – January 7 – 01/07/2025 at 06:39

Wall Street Journal – January 7 – 01/07/2025 at 06:39
Wall Street Journal – January 7 – 01/07/2025 at 06:39

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

Here are the main articles published in the Wall Street Journal. Reuters has not verified these articles and does not endorse their accuracy.

– US Steel rejection of the operation by Biden for reasons of national security.

– U.S. oil refiner Phillips 66 PSX.N said on Monday it will acquire various pipelines and distribution systems from Ares-backed pipeline operator EPIC NGL in an all-cash deal for a amount of 2.2 billion dollars.

– Medical device maker Stryker agreed to acquire medical technology company Inari Medical

NARI.O in a $4.9 billion transaction, offering $80 per share for all outstanding common shares.

– Ulta Beauty ULTA.O has named Kecia Steelman as chief executive officer, succeeding David Kimbell, who will retire after 11 years with the company as it seeks to revive sales amid a slowdown of the global beauty market.

– Wireless networking company Ligado Networks filed for bankruptcy, with a plan to reduce more than $7 billion in debt, after U.S. government agencies blocked its planned expansion into 5G terrestrial wireless services.

– Michael Barr, the Federal Reserve's top regulator, said he will leave office by February, in a surprise move that will avoid a potentially messy legal battle with President-elect Donald Trump, who is now free to replace him with an official of his choice.

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