Press Digest: Wall Street Journal - October 2
PRESS DIGEST -Wall Street Journal - October 2 Oct 2 (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.
- RTX's Raytheon unit won a multi-year contract worth up to $24.4 billion to produce Standard Missile-6 interceptors for the US Navy, as the Pentagon pushes to replenish munitions stockpiles depleted by conflicts in the Middle East.
- OpenAI has fired three researchers for alleged misconduct, including sharing confidential company information with a third-party AI-safety organization.
- ON Semiconductor ON.O will acquire Synaptics SYNA.O for cash rather than stock in a downsized deal.
- Paramount PSKY.O CEO David Ellison has asked CNN CEO Mark Thompson to remain in his role after Paramount closes its acquisition of Warner Bros. Discovery WBD.O.
- Authentic Brands Group has expressed takeover interest in Mattel MAT.O, discussing an offer that could value the toy maker at $6 billion or more.
- Disney DIS.N is planning a restructuring of its television operation that is expected to result in hundreds of layoffs and division consolidations.
(Compiled by Bengaluru newsroom)