Press Digest: Wall Street Journal - Feb 21

Planet Fitness

21/02/2024 06:47

Feb 21 (Reuters) - Following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    - Australia's Orica  ORI.AX  said on Wednesday it would
acquire U.S. based sodium cyanide producer Cyanco from an
affiliate of Cerberus Capital Management for $640 million.

    -  FuboTV, a sports streaming service, filed a lawsuit
seeking to block the joint venture among Fox Corp  FOXA.O ,
Warner Bros. Discovery   WBD.O  and ESPN parent Disney  DIS.N ,
alleging they wouldn't let Fubo carry a small bundle of
sports-focused channels that they are now looking to include in
the new service. 
    
    - Former Planet Fitness  PLNT.N  Chief Executive Chris
Rondeau has resigned from the gym chain's board after the
company laid off a portion of its corporate workforce, the
company said in a regulatory filing on Tuesday, adding that
Rondeau's resignation is believed to be because of various
disagreements since he stepped down from the top job in
September.
    
    - An activist group led by Ancora Holdings nominated to 
Norfolk Southern's  NSC.N  board eight independent candidates,
including former Ohio Gov. John Kasich and Sameh Fahmy, a former
executive at railroad Kansas City Southern, heating up a proxy
fight aimed at ousting the railroad's chief executive.
        
  
        - Cox Communications, a cable television and internet
service provider, convinced a U.S. appeals court to throw out a
$1 billion jury verdict in favor of several major record labels
including Sony  6758.T , Universal Music  UMG.AS  and Warner
Music  WMG.O , that had accused it of failing to curb user
piracy. 
        
  
        - Amazon  AMZN.O  is set to join the Dow Jones
Industrial Average, replacing Walgreens Boots Alliance  WBA.O 
effective next week, S&P Dow Jones Indices said.
       
  

 (Compiled by Bengaluru newsroom)
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