Press Digest: Wall Street Journal - October 21

Fluor

21/10/2025 08:33

Oct 21 (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.

- Unilever ULVR.L said it is pushing back the planned demerger of its ice cream business, the Magnum Ice Cream Company, citing the U.S. federal government shutdown.

- A group of banks, including JPMorgan Chase JPM.N, Bank of America BAC.N and Goldman Sachs GS.N, is struggling to put together a $20 billion loan to Argentina without leaving themselves too exposed to the financially distressed South American country.

- Amazon Web Services said the massive internet outage that originated in its cloud-computing data centers has largely been fixed, more than 13 hours after an initial shutdown hit businesses big and small.

- Activist investor Starboard Value has taken a nearly 5% stake in Fluor FLR.N and plans to push for ways to boost the engineering and construction company's shares, according to people familiar with the matter.

    - The Treasury Department instructed employees not to share photos of the demolition of parts of the White House's East Wing after images of construction equipment dismantling the facade of the building went viral online.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))