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PRESS DIGEST- Wall Street Journal - July 18

Published 2017-07-18, 12:26 a/m
© Reuters.  PRESS DIGEST- Wall Street Journal - July 18
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July 18 (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.

- Senate GOP leaders abandoned their effort to dismantle and simultaneously replace much of the Affordable Care Act, after the defections of two more Republican senators left the party short of the votes needed to pass President Donald Trump's top legislative priority in his first year in office.

- The Trump administration released its road map for remaking the North American Free Trade Agreement that aims to preserve "Buy America" provisions and reduce the U.S. trade deficit, but steps back from some of President Donald Trump' most fiery campaign rhetoric on trade.

- KKR KKR.N put two executives in line to take over one day for Henry Kravis and George Roberts, the private-equity pioneers atop one of the biggest brands in finance. The New York asset manager elevated Joe Bae and Scott Nuttall to the roles of co-president and co-chief operating officer and added them to its board.

- Tesla TSLA.O , which has faced criticism from its investors about a lack of independent directors, named Twenty- First Century Fox FOXA.O CEO James Murdoch and Ebony Media CEO Linda Johnson Rice to its board.

- Signet Jewelers Ltd SIG.N said Monday that Chief Executive Mark Light has decided to retire for health reasons and will be succeeded by Virginia Drosos, who has served as an independent board member since 2012.

- Uber Technologies Inc UBER.UL said it is suspending its operations in the Chinese gambling hub of Macau, the latest retreat for the ride-sharing giant as it continues to face regulatory pressure from many overseas markets.

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