Press Digest: Wall Street Journal - July 12

Olaplex Holdings

12/07/2024 05:15

July 12 (Reuters) - Following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    - Discount store operator Dollar General  DG.N  has agreed
to pay $12 million in penalty for alleged safety violations that
led to blocked exits and fire extinguishers and unsafe storage,
the U.S. Labor Department said in a statement on Thursday.
    
    - Olaplex  OLPX.O  on Thursday named Marc Jacobs's former
marketing chief, Katie Gohman, as its own chief marketing
officer, hoping to begin a new era for the hair-care company
after a "reset year" designed to restore its tarnished brand
image.
    
    - The Securities and Exchange Commission has ended its
investigation into Paxos Trust in relation to Binance USD, a
digital asset that Paxos issues and lists, the cryptocurrency
platform said Thursday. 
    
    - Estee Lauder  EL.N  said on Thursday that Tracey Travis
would be stepping down and retiring from her 12-year role as the
MAC lipstick maker's finance chief, effective June 30, 2025.
        
  
        - Hasbro  HAS.O  said it promoted Stephanie Beal as its
new supply chain chief and made two other senior appointments as
part of the toy maker's turnaround efforts following slowing
post-pandemic sales. 
        
  
        - Comedian Dax Shepard has signed a roughly $80 million
podcasting deal with Amazon  AMZN.O , shifting his popular
"Armchair Expert" show to its Wondery platform from Spotify
 SPOT.N , the Wall Street Journal reported on Thursday, citing
people familiar with the matter. 
        
  
        
  

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