PRESS DIGEST- Wall Street Journal - Oct. 20

Reuters
·1 min read

Oct 20 (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.

- Chinese President Xi Jinping is facing resistance over a nationwide property tax aimed at curbing housing speculation, according to people with knowledge of government deliberations. https://on.wsj.com/3lYYeAE

- Procter & Gamble Co said that it expects solid sales and profit growth over the next nine months, even as costs for everything from warehouse space to raw materials rise faster than the consumer-products company expected. https://on.wsj.com/2Z3jz2P

- Netflix Inc added 4.4 million memberships in the third quarter, more than the company had forecast, as viewers flocked to the streaming platform with the return of popular series and new hits such as "Squid Game." https://on.wsj.com/2XtZmCP

- The House select committee investigating the Jan. 6 attack on the U.S. Capitol voted 9-0 Tuesday to recommend holding Stephen Bannon, a onetime adviser to former President Donald Trump, in criminal contempt for defying a congressional subpoena. https://on.wsj.com/3ASejMF

- Facebook Inc has agreed to pay a financial penalty as part of settlements with the U.S. government that had accused the social-media company of illegally reserving lucrative jobs for immigrant workers it was sponsoring for permanent residence instead of searching for and considering available U.S. workers. https://on.wsj.com/3vASekI

- Boeing Co executives said the company's Starliner space vehicle might not carry astronauts until the end of next year, potentially putting it a year behind a previous date to deliver people to orbit for NASA. https://on.wsj.com/3lX2Kj5

(Compiled by Bengaluru newsroom)

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