Company News

PRESS DIGEST- Wall Street Journal - July 31

July 31 (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 judge presiding over PHI Inc's bankruptcy said he would approve a restructuring strategy widely supported by creditors but opposed by two federal watchdogs and a group of consumers suing the helicopter operator over their medical transportation bills.

- The Certified Financial Planner Board of Standards Inc said on Tuesday that it is upgrading its scrutiny of financial planners and appointing a task force to review its enforcement and disclosure procedures.

- A federal judge in Montana overturned the U.S. Internal Revenue Service's rule that had limited the information that politically active nonprofit groups have to provide to the federal government.

- Canada's Public Safety Minister Ralph Goodale said on Tuesday it is unlikely to reveal a decision on the use of Huawei Technologies Co Ltd equipment for use in the country's next-generation 5G telecommunications network until after the Oct. 21 national election.

- J.Crew Group Inc may face resistance from some of its lenders over its plan to take its fast-growing Madewell chain public, as they look to the initial public offering as an opportunity to extract concessions from the company, according to people familiar with the matter. (Compiled by Bengaluru newsroom)