April 8 (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.
- After losing a boardroom clash that pitted him against one
of America's best-known hedge-fund investors, the 83-year-old
chief of the Seven & i Holdings Co 3382.T , Toshifumi Suzuki,
said he would step down. (http://on.wsj.com/1RTKaiP)
- Compensation for chief executives of the biggest U.S.
companies fell more sharply last year than any year since the
financial crisis, as weaker corporate performance slowed cash
bonuses and accounting rules pared back pension growth. (http://on.wsj.com/22grTRO)
- Uber Technologies Inc UBER.UL agreed to pay up to $25
million to settle a lawsuit brought by the district attorneys of
San Francisco and Los Angeles in 2014. (http://on.wsj.com/1STYH0n)
- Federal regulators said they would seek to revamp their
oversight of an obscure but important part of the
telecommunications market - the bulk data service - that telecom
companies provide to businesses, including each other. (http://on.wsj.com/25OxCTm)
- With Wednesday's agreement to amend terms with its loan
holders, Valeant Inc VRX.TO has staved off the prospect of
default in the near term. Valeant has to now pay a higher
interest rate on its $11.6 billion in loans, as well as a fee.
(http://on.wsj.com/22gSJt4)
- General Motors (NYSE:GM) Co's GM.N design chief, Ed Welburn, is
retiring after more than four decades with the Detroit auto
maker, handing the reins to a company insider, who is currently
leading vehicle-styling efforts for international markets. (http://on.wsj.com/25OyOWS)