Press Digest: Wall Street Journal - Feb 13

BlackBerry

13/02/2024 06:16

Feb 13 (Reuters) - Following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    - Activist investor Carl Icahn has a nearly 10% stake in
JetBlue Airways  JBLU.O  and may consider pushing for board
representation, in one of the billionaire's boldest moves since
a short-seller attacked his firm last year.

    - U.S. lawmakers have written to various government bodies,
including the Department of Defense, seeking to investigate
Chinese biotech companies WuXi AppTec  603259.SS  and Wuxi
Biologics  2269.HK  over alleged ties to the Chinese military.
    
    - Canada's BlackBerry  BB.TO  said on Monday it was
targeting an additional increase of $100 million in its annual
profit as the cybersecurity firm slashes costs, including
reducing workforce.
    
    - American Electric Power  AEP.O  announced a deal with
Icahn Capital to give the activist investor two board seats.
        
  
        - PayPal  PYPL.O  said in a regulatory filing Monday
that Aaron Karczmer, executive vice president and chief
enterprise services officer, would depart April 30. 
        
  
        - Apparel retailer Express  EXPR.N  is preparing for
debt restructuring and a possible bankruptcy within weeks. 
        
  
        
  

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