Press Digest: Wall Street Journal - April 4
04/04/2024 06:39
April 4 (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.
- Members of Paramount Global's PARA.O board agreed to
enter exclusive merger discussions with Skydance, favoring it
over a recent $26 billion all-cash offer from private-equity
firm Apollo Global Management APO.N .
- Walt Disney DIS.N defeated activist shareholder Nelson
Peltz in a bruising fight for influence in the entertainment
giant's boardroom, handing Chief Executive Bob Iger a major
victory over one of Wall Street's most aggressive investors.
- Electric-vehicle maker Fisker FSRN.PK said it would
withdraw all financial and operational guidance for 2024 as the
company's evaluation of strategic alternatives continues.
- Amazon.com AMZN.O is slashing hundreds of jobs from its
cloud-computing business, the tech giant's latest round of
layoffs as it aims to cut costs.
- Supermarket chain Carrefour CARR.PA and PepsiCo
PEP.O said they had reached a deal for PepsiCo products to
return to stores in France.
- EV maker Tesla TSLA.O is raising compensation for
its artificial intelligence engineers in a bid to ward off
poaching from the likes of OpenAI, according to Chief Executive
Elon Musk.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))