Press Digest: Wall Street Journal - September 2
PRESS DIGEST -Wall Street Journal - September 2 Sept 2 (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.
-British retail group Frasers FRAS.L said it planned to raise its stake in Hugo Boss BOSSn.DE to more than 50%, after a failed €2 billion ($2.32 billion) takeover attempt for the German fashion house in June.
- Google's GOOGL.O artificial-intelligence research unit is set to release a new model with significantly upgraded coding capabilities, according to employees, potentially shoring up an area where the company has lagged behind competitors OpenAI and Anthropic.
-Nestle NESN.S will sell its mainstream vitamin brands to private equity firm Yellow Wood Partners for $1 billion, it said on Tuesday, as CEO Philipp Navratil tightens the company's strategic focus.
- OpenAI is limiting the cyber capabilities of a new model it deems capable of pulling off automated cyberattacks, adding layers of security after a swarm of its AI agents hacked a company earlier this summer.
- Geothermal company Fervo Energy FRVO.O has signed a major deal to sell power to Alphabet’s Google GOOGL.O from a Utah project that it plans to turn into the world’s largest enhanced geothermal facility.
- A group of musicians including renowned singer-songwriter Jason Isbell has filed a class-action lawsuit against AI music generator Suno in Massachusetts federal court for allegedly violating their publicity rights.
($1 = 0.8639 euros)
(Compiled by Bengaluru newsroom)
Recent news on Hugo Boss AG
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Hugo Boss set to become Frasers subsidiary as stake crosses 50% (updated)
Hugo Boss set to become Frasers subsidiary as stake passes 50%
Brief: Frasers Says Hugo Boss To Be Consolidated As Subsidiary Of Frasers Group
SIH Partners raises stake in Hugo Boss to 21.15%