PRESS DIGEST – Wall Street Journal – April 1

April 1 The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.

– China’s Anbang has informed Starwood Hotels that
it is walking away from a $14-billion bid for the hotelier, in a
surprise move capping off a three-week bidding war with Marriott
. (on.wsj.com/1q6FnE7)

– The Obama administration is preparing to help Iran get
limited access to U.S. dollars as part of its relief from U.S.
sanctions, officials say. (on.wsj.com/1ROjqze)

– The blood-testing devices that Theranos Inc touted as
revolutionary often failed to meet the company’s own accuracy
requirements for a range of tests, including one to help detect
cancer, according to a federal inspection report. (on.wsj.com/1RsGO9F)

– Tesla Motors Inc Chief Executive Elon Musk said
the new “mass market” Model 3 vehicle has received more than
115,000 orders in 24 hours, outpacing expectations. (on.wsj.com/1VdFp8e)

– California and New York are moving to become the first
states to lift the minimum wage to $15 an hour, propelling a
wage target once focused on major urban areas into every corner
of the economy from farm communities to industrial towns. (on.wsj.com/1PI9QfT)

(Compiled by Sneha Johny in Bengaluru)

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Source URL:http://www.reuters.com/article/press-digest-wsj-idUSL3N174238

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