Wall Street Journal - Aug 15
Aug 15 (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.
- Warren Buffett’s Berkshire Hathaway BRKa.N took a stake in Ulta Beauty ULTA.O in the second quarter, while buying more shares of Chubb CB.BN and Occidental Petroleum OXY.N. His company cut its positions in Capital One FinancialCOF.N, T-Mobile TMUS.O and Floor & Decor Holdings FND.N.
- Mars’s nearly $30 billion deal for Kellanova K.N would push the company, known for M & M’s and Snickers, into supermarkets’ chips and cracker aisles, handing Mars a larger share of a growing global snacks business.
- Canadian National Railway CNR.TO has told customers it plans to halt intermodal traffic headed into Canada on its lines from Friday, extending a graduated shutdown of the railroad’s operations after talks with unionized workers stalled.
- Lingerie retailer Victoria's Secret VSCO.N tapped Hillary Super, chief executive officer of competitor Savage X Fenty, to be its next CEO succeeding Martin Waters who stepped down from the role after leading the company for three years.
- Eric Schmidt, ex-CEO and executive chairman at Google GOOGL.O, walked back remarks in which he said his former company was losing the artificial intelligence race because of its remote-work policies. "I misspoke about Google and their work hours," Schmidt said Wednesday in an email to The Wall Street Journal.
- The U.S. consumer-price index rose 2.9% from a year earlier, the Labor Department said Wednesday, the lowest reading since 2021, sealing the case for the Federal Reserve to cut interest rates at its meeting next month.
(Compiled by Bengaluru newsroom)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
