PRESS DIGEST - Wall Street Journal - Dec 4

BENGALURU, Dec 4 (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. Justice Department is discussing a deal with Huawei Technologies Co finance chief Meng Wanzhou that would allow her to return home to China from Canada, in exchange for admitting wrongdoing in a criminal case that has strained Beijing's relations with the U.S. and Canada, people familiar with the matter said. https://on.wsj.com/3lErRUq

- AT&T Inc's Warner Bros said it would release its entire 2021 slate of theatrical films simultaneously in theaters and on its HBO Max streaming service, the most drastic step yet taken by a major studio as the coronavirus pandemic continued to move Hollywood's focus away from movie theaters and toward in-house streaming services. https://on.wsj.com/36GjBz0

- U.S. President Donald Trump's administration has sued Facebook Inc accusing the social-media company of illegally reserving high-paying jobs for immigrant workers it was sponsoring for permanent residence, rather than searching adequately for available U.S. workers who could fill the positions. https://on.wsj.com/3quE0i7

- OPEC and a group of Russia-led oil producers agreed to increase their collective output by 500,000 barrels a day next month, signaling the world's biggest producers are betting the worst of a pandemic-inspired shock to demand is behind them. https://on.wsj.com/3mG4efo

- U.S. lawmakers dove into negotiations Thursday over the two thorniest components of a new coronavirus aid package as momentum grew for a roughly $900 billion compromise proposal designed to break the congressional stalemate in time for the Christmas holiday. https://on.wsj.com/39MEudP

- Chevron Corp said it would cut its annual capital spending budget by 26% next year and sharply through the middle of the decade, as the coronavirus pandemic forces an industrywide reappraisal of fossil-fuel investment. https://on.wsj.com/36BXqtG

(Compiled by Bengaluru newsroom)