May 9, 2017 / 6:09 AM / a year ago

PRESS DIGEST - Wall Street Journal - May 9

May 9 (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.

- Quebec's big pension fund is opposing the re-election of Bombardier Inc executive chairman Pierre Beaudoin, signaling a new level of investor activism at the ailing aerospace company controlled for decades by Beaudoin's family.

- PTC Therapeutics Inc said Monday it would receive a net price of $35,000 annually per patient for Emflaza, the muscular dystrophy drug it acquired from Marathon Pharmaceuticals LLC last month.

- Facebook Inc, criticized for not doing enough to curb misinformation during last year's U.S. presidential race, is trying to show it is making a more-concerted effort in the UK ahead of next month's general election.

- Coach Inc agreed to acquire rival Kate Spade & Co for $2.4 billion, as the handbag and accessories maker seeks to tap younger consumers amid slower growth in the handbag market.

- Microsoft Corp is hoping to challenge Inc's Echo smart speaker for a spot on the kitchen counter with a device from Samsung Electronics Co that can make phone calls.

- Goldman Sachs Group Inc promoted deal maker Gregg Lemkau and financing executive Marc Nachmann to join John Waldron as co-heads of the investment-banking division, according to people familiar with the matter. (Compiled by Bengaluru newsroom)

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