Press Digest: Wall Street Journal - March 13

Equity Commonwealth

13/03/2024 06:10

March 13 (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.
    
   - Books have closed for British American Tobacco's  BATS.L  
share sale in Indian conglomerate ITC  ITC.NS  that is likely to
fetch the UK based company over $2.0 billion.
    
    - Global grains merchant Archer-Daniels-Midland  ADM.N 
announced a plan to fix accounting issues that caused it to
correct certain transactions in six years of financial results
on Tuesday, though the plan will take time to implement.
    
    - U.S. air carriers warned on Tuesday that their plans to
increase capacity were in doubt due to more jet delivery delays
from Boeing  BA.N , as the hit to the airline industry from the
planemaker's safety crisis worsens.
        
  
        - Activist investor Jonathan Litt's Land & Buildings
Investment Management urges Equity Commonwealth  EQC.N  to
liquidate as the company has materially underperformed other
real estate investment trusts in recent years.
        
  
        -  The United States will send a new military aid
package for Ukraine worth $300 million, President Joe Biden's
administration said on Tuesday, the first such move in months as
additional funds for Kyiv remain blocked by Republican leaders
in Congress.
        
  
        
  

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