financetom
Business
financetom
/
Business
/
PRESS DIGEST- Wall Street Journal - Sept 11
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST- Wall Street Journal - Sept 11
Sep 11, 2024 5:05 AM

Sept 11 (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.

- News Corp-controlled REA Group ( RPGRF ) will have to

sweeten the deal if it is to bring together two of the

English-speaking world's dominant real estate listing websites,

after U.K. counterpart Rightmove ( RTMVF ) rebuffed its initial

$7.32 billion approach.

- Southwest Airlines ( LUV ) Executive Chairman Gary Kelly

will step down next year in a big board shake-up as the airline

faces pressure from an activist investor to overhaul its

leadership and business strategy.

- Goldman Sachs ( GS ) is facing mounting losses, including

a roughly $400 million pretax hit disclosed Monday as it tries

to offload the remaining pieces of its Main Street lending

business

- Lumen Technologies ( LUMN ) is betting on new contracts

for artificial intelligence-related services to steady its

finances and return to profit as it struggles to work down a $20

billion mountain of debt and sunset outdated technology.

- Amazon ( AMZN ) plans to spend about $10.5 billion over

the next five years in cloud and artificial intelligence

infrastructure in the U.K., as global tech companies boost their

data-center footprints amid a boom in demand for

artificial-intelligence computing.

(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 >
CGI Gets $72 Million Contract to Enhance Medicare Access
CGI Gets $72 Million Contract to Enhance Medicare Access
Mar 19, 2024
10:20 AM EDT, 03/19/2024 (MT Newswires) -- CGI (GIB) unit CGI Federal said Tuesday it was awarded a firm-fixed-price contract valued at $72 million over five years by the Centers for Medicare & Medicaid Services to upgrade the Health Plan Management System, HPMS. The IT consulting services provider plans to integrate automation, cloud-efficient tools, data analytics, and agile delivery methodologies...
Pitney Bowes Appoints John Witek as Interim Finance Chief
Pitney Bowes Appoints John Witek as Interim Finance Chief
Mar 19, 2024
10:23 AM EDT, 03/19/2024 (MT Newswires) -- Pitney Bowes ( PBI ) said Tuesday it has named John Witek as interim chief financial officer, effective immediately. Witek most recently served as the company's head of global business services. Pitney Bowes ( PBI ) said CFO Ana Maria Chadwick is leaving the company to assume a new role with another organization,...
MicroStrategy shares fall 13% after convertible deal for bitcoin purchases
MicroStrategy shares fall 13% after convertible deal for bitcoin purchases
Mar 19, 2024
(Reuters) - Shares in MicroStrategy ( MSTR ) were down 13% on Tuesday as bitcoin fell after the company announced it had completed a $603.75 million convertible debt offering - its second in a week - to raise money to buy bitcoin. The deal, used by the company to raise money to buy bitcoin, follows an $800 million convertible offer...
Main Street Capital Completes $40 Million Follow-on Investment in Gulf Manufacturing
Main Street Capital Completes $40 Million Follow-on Investment in Gulf Manufacturing
Mar 19, 2024
10:18 AM EDT, 03/19/2024 (MT Newswires) -- Main Street Capital ( MAIN ) said Tuesday it completed a $40 million senior secured term debt follow-on investment in Gulf Manufacturing. The investment is expected to support Gulf Manufacturing's acquisition of Maass Global Group, Main Street said, adding that a new parent holding company called Gulf Manufacturing Holdings was created to own...
Copyright 2023-2026 - www.financetom.com All Rights Reserved