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PRESS DIGEST- Wall Street Journal - Aug 27
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PRESS DIGEST- Wall Street Journal - Aug 27
Aug 29, 2024 2:24 AM

Aug 27 (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.

- Australian buy-now-pay-later operator Zip is in talks with

Apple ( AAPL ) about integrating its installment-payments

product in the U.S., and expects to announce partnerships with

more large U.S. merchants in its current fiscal quarter.

- Damola Adamolekun, former CEO of P.F. Chang's, will take

the helm at Red Lobster after a court approval of the restaurant

chain's bankruptcy plan.

- Edgar Bronfman Jr. has walked away from bidding for Shari

Redstone's Paramount, paving the way for the company to

be sold to David Ellison's Skydance Media.

- Tech giant Apple ( AAPL ) named insider Kevan Parekh as

its chief financial officer, replacing company veteran Luca

Maestri who will transition from the role on Jan. 1, 2025.

- Bloomin' Brands has hired the former chief operating

officer of Delta Air to be the next chief executive of

restaurant-chain Outback Steakhouse.

- Apple ( AAPL ) will host its fall event on Sept. 9 at

its headquarters in Cupertino, California, where it will likely

unveil a series of new iPhones and updates to other devices and

apps.

- Meta Platforms ( META ) Chief Executive Mark Zuckerberg

said it was improper for the Biden administration to have

pressured Facebook to censor content in 2021 related to the

coronavirus pandemic, vowing that the social-media giant would

reject any such future efforts.

(Compiled by Bengaluru newsroom)

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