Press Digest: Wall Street Journal - March 1

Nu Ride

01/03/2024 07:04

March 1 (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.
    
    - U.S. asset management giant Vanguard Group said on
Thursday Tim Buckley would retire as CEO and chairman by the end
of the year after more than three decades at the company,
including over six years as CEO.
    
    - WeWork’s  WEWKQ.PK  official junior creditors committee is
seeking court approval to sue SoftBank  9434.T , the co-working
space provider’s biggest equity holder, alleging the Japanese
conglomerate used WeWork’s prebankruptcy debt restructuring deal
to improve its position in the company’s capital structure.
    
    - Meta Platforms  META.O  said it will stop paying
Australian news publishers for content that appears on Facebook,
setting up a fresh battle with Canberra which had led the world
with a law that forces internet giants to strike licencing
deals.
    
        - New York Community Bancorp  NYCB.N  named Alessandro
DiNello, executive chairman of its board, to the additional
roles of president and CEO. 
        
  
        - The grandchildren of Roy and Walt Disney, founders of
Walt Disney Co  DIS.N , have backed CEO Bob Iger and the board,
while opposing activist investors encircling the company.
    
    - The U.S. Securities and Exchange Commission on Thursday
said it has settled charges against Lordstown Motors Corp
 RIDEQ.PK  that the electric vehicle manufacturer misled
investors about the sales prospects of its flagship truck, the
Endurance.
        
  
        
  

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