Press Digest: Wall Street Journal - May 1
01/05/2023 05:39
May 1 (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.
- The Federal Deposit Insurance Corp is reviewing bids for
First Republic Bank FRC.N and preparing to seize the lender.
- Texas law enforcement expanded its search over the weekend
for a gunman accused of fatally shooting five people, including
an 8-year-old child.
- Revlon Inc REVRQ.PK will emerge from bankruptcy under
new ownership and a new board of directors that includes former
executives from Bloomin' Brands Inc BLMN.O , Sephora and
Walgreens Boots Alliance Inc WBA.O .
- Elon Musk hasn't proved himself to be the best leader for
Twitter, according to co-founder Jack Dorsey, who said "it all
went south" when the company was sold to the billionaire.
- If a deal isn't reached by the end of Monday, Hollywood's
writers are expected to go on strike for only the second time in
four decades.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))