Press Digest: Wall Street Journal - Jan 24
24/01/2025 06:37
Jan 24 (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.
- Canada warned Amazon AMZN.O that the federal government
is reviewing its business ties with the company's
cloud-computing unit following Amazon's decision to shut down
its warehouses in Quebec, leading to layoffs of 1,700 workers.
- Britain's Competition and Markets Authority is
investigating mobile ecosystems controlled by Apple
AAPL.O and Alphabet's GOOGL.O Google to work out if they
need to obey a strict new law governing digital competition.
- CNN is laying off roughly 200 employees, or about 6% of its
workforce, part of a plan Chief Executive Mark Thompson says
will shift the cable TV brand's emphasis toward digital growth
and prepare it to launch a streaming service.
- Garden Investments, a new firm started by one of Trian
Fund Management's co-founders, has built an activist position in
kitchen-equipment maker Middleby MIDD.O and plans to push for
changes that could boost the sluggish stock.
- The acting chairman of the Commodity Futures Trading
Commission (CFTC) has appointed former prosecutor Brian Young to
lead its enforcement division on an interim basis during the
early period of the U.S. President Donald Trump's
administration.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))