Press Digest: Wall Street Journal - May 24

Gildan Activewear

24/05/2024 05:58

May 24 (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.
    
    - Canadian apparel maker Gildan Activewear  GIL.TO  said on
Thursday its board of directors has resigned and its CEO Vince
Tyra has stepped down to be replaced by former top boss Glenn
Chamandy.
    
    - Customers of Charter Communications'  CHTR.O  Spectrum TV
will get free access to Paramount Global's  PARA.O  ad-supported
streaming services with their cable packages under a new
distribution deal.
    
    - Starwood Real Estate Income Trust (SREIT) is temporarily
limiting share redemptions to avoid forced sales of its real
estate holdings in a market that continues to be pressured by
high interest rates.
    
    - The U.S. Securities and Exchange Commission (SEC) on
Thursday approved applications from Nasdaq, CBOE and NYSE to
list exchange-traded funds (ETFs) tied to the price of ether,
potentially paving the way for the products to begin trading
later this year.
        
  
        - Boeing  BA.N  said it would burn billions of dollars
more than expected in the coming months and likely won't
generate cash for the full year, signaling the jet maker is
struggling to contain the financial fallout from cascading
production and supply-chain issues.
        
  
        -  Alibaba Group Holding  9988.HK  said on Thursday the
Chinese e-commerce giant would sell convertible bonds to raise
about $4.5 billion and plans to use some of the proceeds to
repurchase American Depositary Shares.
        
  
        
  

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