Press Digest: Wall Street Journal - Feb 28

Boston Beer

28/02/2024 06:42

Feb 28 (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.

    - Chinese developer Country Garden  2007.HK  said on
Wednesday a liquidation petition has been filed against it for
non-payment of a $205 million loan, clouding its debt revamp
prospects and undermining Beijing's effort to restore confidence
in the property sector.

    - Apple  AAPL.O  has put an end to its decadelong push to
build its own electric vehicle, an effort once seen as having
the potential to transform the auto industry.

    - OpenAI has asked a federal judge to dismiss parts of the
New York Times'  NYT.N  copyright lawsuit against it, arguing
that the newspaper "hacked" its chatbot ChatGPT and other
artificial-intelligence systems to generate misleading evidence
for the case.

    - Knight-Swift Transportation’s  KNX.N  David Jackson
stepped down as chief executive and as a member of the board at
one of the country’s largest trucking companies.

    - Macy’s  M.N  said Tuesday that it would close about 150
underperforming stores, or about 30% of its fleet, over the next
three years.

    - Boston Beer Co.'s  SAM.N  Chief Executive Dave Burwick is
expected to retire and will be succeeded by current board member
Michael Spillane on April 1.

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