Press Digest: Wall Street Journal - Feb 15

Altium

15/02/2024 05:52

Feb 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.
    
    - Rocket company SpaceX has moved its state of incorporation
to Texas from Delaware, CEO Elon Musk said Wednesday in a post
on X.
    
    - The co-founder and former chief executive of Crown Castle
 CCI.N  is making a push for board seats at the big owner of
wireless-communications towers. 
    
    - Japanese chipmaker Renesas Electronics  6723.T  on
Thursday announced a $5.9 billion all-cash deal to buy
electronics design software firm Altium  ALU.AX , its second
acquisition in a month, as it works to streamline device design.
    
    - Morgan Stanley  MS.N  plans to cut several hundred jobs in
its wealth-management division as new CEO Ted Pick seeks to rein
in costs in an area that is critical to the Wall Street firm’s
success but has shown signs of weakening lately.
        
  
        - Berkshire Hathaway  BRKa.N  on Wednesday said it has
trimmed its huge stake in Apple  AAPL.O  and shed four common
stock holdings, and kept investors guessing on what could be a
major new investment by Warren Buffett.
        
  
        - Cisco Systems  CSCO.O  plans to cut about 5% of its
workforce as part of a restructuring plan to realign its
business and enable further investment in key areas. 
        
  
        
  

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))