PRESS DIGEST- Wall Street Journal - March 1

March 1 (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.

- U.S. asset management giant Vanguard Group said on Thursday Tim Buckley would retire as CEO and chairman by the end of the year after more than three decades at the company, including over six years as CEO.

- WeWork’s official junior creditors committee is seeking court approval to sue SoftBank, the co-working space provider’s biggest equity holder, alleging the Japanese conglomerate used WeWork’s prebankruptcy debt restructuring deal to improve its position in the company’s capital structure.

- Meta Platforms said it will stop paying Australian news publishers for content that appears on Facebook, setting up a fresh battle with Canberra which had led the world with a law that forces internet giants to strike licencing deals.

- New York Community Bancorp named Alessandro DiNello, executive chairman of its board, to the additional roles of president and CEO.

- The grandchildren of Roy and Walt Disney, founders of Walt Disney Co, have backed CEO Bob Iger and the board, while opposing activist investors encircling the company.

- The U.S. Securities and Exchange Commission on Thursday said it has settled charges against Lordstown Motors Corp that the electric vehicle manufacturer misled investors about the sales prospects of its flagship truck, the Endurance.

(Compiled by Bengaluru newsroom)