PRESS DIGEST - Wall Street Journal - Feb 5

Feb 5 (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.

- Intercontinental Exchange Inc, owner of the New York Stock Exchange, has made a takeover offer for eBay Inc that could value the sprawling online marketplace at more than $30 billion, according to people familiar with the matter.

- PG&E Corp won court approval of a settlement with bondholders who had threatened to derail its bankruptcy strategy, in a ruling on Tuesday from U.S. Bankruptcy Judge Dennis Montali, keeping the California utility on course to exit bankruptcy by the end of June.

- The U.S. Justice Department's Assistant Attorney General Makan Delrahim, its chief antitrust enforcement official, has recused himself from the department's investigation into whether Alphabet Inc's Google is unlawfully suppressing competition.

- Seeking to blunt the dominance of China's Huawei Technologies Co, the White House is working with U.S. technology companies to create advanced software for next-generation 5G telecommunications networks, White House economic adviser Larry Kudlow said in an interview.

- Macy's Inc plans to close 125 department stores over the next three years, an admission that a fifth of its locations cannot thrive as shoppers buy more online and make fewer trips to malls. (Compiled by Bengaluru newsroom)