May 5, 2020 / 4:55 AM / a month ago

PRESS DIGEST- Wall Street Journal - May 5

May 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.

- United Airlines Holdings Inc expects to shrink its management and administrative ranks by at least 30% starting in October, according to a memo sent to employees on Monday.

- WeWork's co-founder and former chief executive Adam Neumann sued SoftBank Group Corp accusing the Japanese technology group of breaking a key provision of a deal that gave SoftBank control of the shared-office-space company.

- Juul Labs Inc is moving its headquarters from San Francisco to Washington, D.C., as the e-cigarette maker seeks to repair its relationship with regulators and distance itself from Silicon Valley's growth-at-all-costs culture.

- Andy Lack will exit as head of NBCUniversal's news operations at the end of the month, concluding a tenure marked by several controversies.

Compiled by Bengaluru newsroom

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