Press Digest: Wall Street Journal - Oct 26

Endeavor group

26/10/2023 05:33

Oct 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.
    
    - The United Auto Workers secured a new tentative labor deal
with Ford Motor  F.N  Wednesday night, while negotiations
continue at General Motors  GM.N  and Chrysler-parent Stellantis
 STLAM.MI  .
    
    - Morgan Stanley  MS.N  said Wednesday that it named Ted
Pick as its next chief executive to succeed longtime CEO James
Gorman.
    
    - Private-equity giant Silver Lake said it is working on a
proposal to take private Endeavor Group Holdings  EDR.N , the
owner of talent agencies WME and IMG.
    
    - United Parcel Service  UPS.N  agreed to acquire Happy
Returns, a software and reverse logistics company that handles
returns for retailers, from PayPal  PYPL.O .
        
  
        - T-Mobile  TMUS.O  said it is scrapping a program that
would have forced some customers into more expensive wireless
plans after the proposed changes triggered heavy blowback.
        
  
        - The U.S. House of Representatives elected Republican
Mike Johnson, as speaker on Wednesday.
        
  
        
  

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