Press Digest: Wall Street Journal - October 16
PRESS DIGEST -Wall Street Journal - October 16 Oct 16 (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.
- Netflix NFLX.O named former Disney executive Peter Rice as chief content officer, succeeding Bela Bajaria, who is leaving as the company struggles with slowing growth.
- Fast-food chain KFC YUM.N has signed Coca-Cola KO.N as its beverage provider for US restaurants, ending its relationship with PepsiCo PEP.O.
- Natural-gas exporter Venture Global VG.N said it signed deals with GE Vernova GEV.N and Baker Hughes BKR.O to advance plans for off-grid power capacity that could support AI data centers and its LNG operations.
- Penske Automotive Group PAG.N has agreed to be taken private by Penske Corp and Japan's Mitsui 8031.T in a deal that values the company at about $16.3 billion, including debt.
- Tesla's TSLA.O top energy executive, Mike Snyder, has stepped down as vice president of energy and charging.
- The US Justice Department sued California in an attempt to block the state from counting mail-in ballots it receives from 20,000 people the Trump administration alleges are likely non-citizens.
(Compiled by Bengaluru newsroom)
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Press Digest: Wall Street Journal - October 16