March 16 (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 U.S. Federal Reserve cut its benchmark interest rate to near zero and unleashed an aggressive set of additional moves aimed at stabilizing markets as the new coronavirus pushed the U.S. economy toward a recession. https://on.wsj.com/39Wen15- U.S. clothing and mall retailers from Abercrombie & Fitch Co to Nike Inc are closing thousands of stores across the country for two weeks, unprecedented moves to stem the spread of the new coronavirus. https://on.wsj.com/2WgkU2M- Saudi Arabia's state-run oil giant Saudi Aramco will cut its spending this year due to the coronavirus pandemic, while it increases its dividend, the company said Sunday, as its share price continued to decline amid the Saudi regime's price war with Russia.

Source: Wall Street Journal March 16, 2020 04:41 UTC