Press Digest: Wall Street Journal - June 22

Root

22/06/2023 06:23

June 22 (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.
    
    - Twitter Chief Executive Linda Yaccarino intervened to help
repair the relationship between the social-media company and
Alphabet’s Google  GOOGL.O  after a payment issue with Twitter
now paying Google for its cloud services after not consistently
paying some of those bills.
    
    - Activist investor Elliott Investment Management is
increasing pressure on NRG Energy  NRG.N  and seeking to oust
its CEO Mauricio Gutierrez.
    
    - The U.S. Federal Trade Commission on Wednesday accused
Amazon.com  AMZN.O  of enrolling millions of consumers into its
paid subscription Amazon Prime service without their consent and
making it hard for them to cancel.
    
    - Uber Technologies  UBER.N  is cutting 200 recruiters,
according to a memo sent to staff Wednesday, as it looks to save
costs amid tougher economic conditions.
        
  
        - Book publisher Simon & Schuster has received a buyout
bid from investor Richard Hurowitz, with backing from Abu Dhabi
sovereign investor Mubadala Investment Company.
        
  
        - Embedded Insurance has made multiple approaches and
offered to acquire Carvana-backed Root  ROOT.O  for $19.34 a
share.
        
  
        
  

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