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)