Press Digest: Wall Street Journal - Aug. 18
18/08/2023 06:05
Aug 18 (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.
- Activist Investor Starboard Value has built a stake of
more than 5% in Bloomin' Brands BLMN.O , making it one of the
company's top-five shareholders, according to people familiar
with the matter.
- China Evergrande Group 3333.HK is seeking a U.S. court's
approval to restructure more than $19 billion in the company's
offshore debts, as the embattled property developer pushes
forward on plans to complete one of the world’s largest and most
complex debt restructurings.
- Bankrupt trucking company Yellow has struck a deal to sell
its real estate to rival Estes Express Lines for a minimum of
$1.3 billion, enough to roughly cover the loans the company
accumulated before its chapter 11.
- Maui Emergency Management Agency administrator Herman
Andaya has tendered his resignation effective immediately,
according to Maui County Mayor Richard Bissen.
- The Biden administration announced new tariffs on
can-making metal imported from China, Germany and Canada, a move
that food companies say could lead to higher prices for some
canned foods.
- Lawyers for former President Donald Trump asked a
judge not to hold his federal trial on charges that he tried to
overturn the 2020 election until April 2026, nearly a year and a
half after the 2024 race in which he is the Republican
front-runner.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))