Press Digest: Wall Street Journal - Feb 9

Post Holdings

09/02/2023 07:03

Feb 9 (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.
    - Post Holdings Inc  POST.N  agreed to pay $1.2 billion to
buy multiple brands from J.M. Smucker Co  SJM.N  in a deal that
marks the food giant's entry into the pet-foods market.
    - Abbott Laboratories  ABT.N  plans to acquire
medical-device company Cardiovascular Systems Inc in a deal that
will boost Abbott's vascular disease offerings.
    - Walt Disney Co  DIS.N  said it plans to cut 7,000 jobs and
slash $5.5 billion in costs as part of a major corporate
reorganization that gives more power to the company's content
executives and puts a greater emphasis on sports media at the
company.
    - SpaceX has taken steps to limit Ukraine's use of the
company's satellite-internet connections for military purposes,
a top executive at the Elon Musk-founded company said Wednesday.
    - Dan Loeb's Third Point LLC has a stake in Salesforce Inc
 CRM.N  according to people familiar with the matter, the fifth
known activist shareholder with a position in the software
company's shares.
    - ​​U.S. Senator John Fetterman, who suffered a stroke
during his campaign for office last year, was taken to the
hospital Wednesday after feeling lightheaded at a retreat for
Senate Democrats, his office said in a statement. 
 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))