Press Digest: Wall Street Journal - Nov 26
26/11/2024 06:16
Nov 26 (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.
- Disney DIS.N agreed to pay $43.3 million to settle
allegations that it systematically paid female middle managers
less than men in similar roles over the course of a decade.
- Dana DAN.N said CEO and Chairman James Kamsickas retired
after nearly a decade and it named Bruce McDonald his successor
while it initiates a cost-cutting strategy and explores the sale
of a unit.
- Kohl's KSS.N CEO Tom Kingsbury will step down after
less than two years at the helm, paving the way for former
Walmart WMT.N executive Ashley Buchanan to take on the role as
the department store chain looks to execute a turnaround.
- Discover Financial Services DFS.N will restate its most
recent financial filings with the Securities and Exchange
Commission to include a credit card product misclassification of
about $1.05 billion.
- Walmart WMT.N is ending some of its diversity
programs, the latest big company to shift gears under pressure
from a conservative activist.
- Federal prosecutors on Monday charged longtime bond
investor Ken Leech with fraud, alleging he cherry-picked a
series of trades to favor some clients while shifting losses to
others.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))