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PRESS DIGEST- Wall Street Journal - Sept 11
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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billion mountain of debt and sunset outdated technology.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)

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