financetom
Business
financetom
/
Business
/
PRESS DIGEST- Wall Street Journal - Aug 15
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST- Wall Street Journal - Aug 15
Aug 14, 2024 10:45 PM

Aug 15 (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.

- Warren Buffett's Berkshire Hathaway ( BRK/A ) took a stake

in Ulta Beauty ( ULTA ) in the second quarter, while buying more

shares of Chubb and Occidental Petroleum ( OXY ). His

company cut its positions in Capital One Financial ( COF ),

T-Mobile and Floor & Decor Holdings ( FND ).

- Mars's nearly $30 billion deal for Kellanova ( K ) would

push the company, known for M & M's and Snickers, into

supermarkets' chips and cracker aisles, handing Mars a larger

share of a growing global snacks business.

- Canadian National Railway ( CNI ) has told customers it

plans to halt intermodal traffic headed into Canada on its lines

from Friday, extending a graduated shutdown of the railroad's

operations after talks with unionized workers stalled.

- Lingerie retailer Victoria's Secret tapped

Hillary Super, chief executive officer of competitor Savage X

Fenty, to be its next CEO succeeding Martin Waters who stepped

down from the role after leading the company for three years.

- Eric Schmidt, ex-CEO and executive chairman at Google

, walked back remarks in which he said his former

company was losing the artificial intelligence race because of

its remote-work policies. "I misspoke about Google and their

work hours," Schmidt said Wednesday in an email to The Wall

Street Journal.

- The U.S. consumer-price index rose 2.9% from a year

earlier, the Labor Department said Wednesday, the lowest reading

since 2021, sealing the case for the Federal Reserve to cut

interest rates at its meeting next month.

(Compiled by Bengaluru newsroom)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved