Press Digest: Wall Street Journal - Nov 8

Vivid Seats

08/11/2023 06:33

Nov 8 (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.
    
    - Virgin Galactic is cutting jobs and expenses as part of a
strategic realignment to support production of its Delta Class
spaceships.
    
    - Goldman Sachs  GS.N  plans to offload its General Motors
 GM.N  credit cards in another step away from its failed foray
into consumer lending.
    
    - BlackRock Inc  BLK.N  will invest $550 million in
Occidental Petroleum Corp’s  OXY.N  direct air capture (DAC)
plant in West Texas.
    
    - Pfizer’s  PFE.N  closure of its facility in Peapack, New
Jersey, will affect the jobs of 791 workers with many of the
employees to be reassigned to Pfizer’s New York headquarters.
        
  
        - Vivid Seats  SEAT.O  the online ticket marketplace, is
making a big bet on the Las Vegas Strip with a roughly $240
million cash-and-stock deal to buy the operator of Vegas.com. 
        
  
        - U.S. banks including JPMorgan Chase  JPM.N , Morgan
Stanley  MS.N , U.S. Bank and others are selling complex debt
instruments to private-fund managers as a way to reduce
regulatory capital charges on the loans they make.  

        
  
        
  

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