Wall Street Journal - Sept 11
Sept 11 (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.
- News Corp-controlled REA Group REA.AX will have to sweeten the deal if it is to bring together two of the English-speaking world's dominant real estate listing websites, after U.K. counterpart Rightmove RMV.L rebuffed its initial $7.32 billion approach.
- Southwest Airlines LUV.N Executive Chairman Gary Kelly will step down next year in a big board shake-up as the airline faces pressure from an activist investor to overhaul its leadership and business strategy.
- Goldman Sachs GS.N is facing mounting losses, including a roughly $400 million pretax hit disclosed Monday as it tries to offload the remaining pieces of its Main Street lending business
- Lumen Technologies LUMN.N is betting on new contracts for artificial intelligence-related services to steady its finances and return to profit as it struggles to work down a $20 billion mountain of debt and sunset outdated technology.
- Amazon AMZN.O plans to spend about $10.5 billion over the next five years in cloud and artificial intelligence infrastructure in the U.K., as global tech companies boost their data-center footprints amid a boom in demand for artificial-intelligence computing.
(Compiled by Bengaluru newsroom)
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