Press Digest: Wall Street Journal - April 16
16/04/2024 07:09
April 16 (Reuters) - Following are the top stories in
the Wall Street Journal. Reuters has not verified these stories
and does not vouch for their accuracy.
- The US Justice Department is preparing to sue Live Nation
LYV.N as soon as next month, an antitrust challenge that could
spur major changes at the biggest name in concert promotion and
ticketing.
- The New York Times Co NYT.N ended its investigation into
whether staffers leaked confidential information about its Gaza
war coverage without any conclusive finding.
- Tesla TSLA.O plans to slash more than 10% of its global
workforce and two of Elon Musk's top deputies said they were
leaving the company, a shake-up that reflects a broader cooling
in consumer demand for electric vehicles.
- A group of major book publishers have joined a lawsuit
filed by Penguin Random House seeking to block school book
banning in Iowa, the latest effort to counter the removal of
works from school classrooms and libraries.
- Alantra Partners ALNTA.MC led a roughly $55.6
million growth investment in GridBeyond, a developer of
artificial intelligence-powered systems that help businesses and
grid operators balance electricity supply and demand.
- A Hong Kong subsidiary of HSBC Holdings HSBA.L wants
to liquidate debt-troubled Times China, in another instance of
creditors seeking to recoup funds from developers amid China’s
protracted property slump.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))