Wall Street Journal - July 12
July 12 (Reuters) -Following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Discount store operator Dollar General DG.N has agreed to pay $12 million in penalty for alleged safety violations that led to blocked exits and fire extinguishers and unsafe storage, the U.S. Labor Department said in a statement on Thursday.
- Olaplex OLPX.O on Thursday named Marc Jacobs's former marketing chief, Katie Gohman, as its own chief marketing officer, hoping to begin a new era for the hair-care company after a "reset year" designed to restore its tarnished brand image.
- The Securities and Exchange Commission has ended its investigation into Paxos Trust in relation to Binance USD, a digital asset that Paxos issues and lists, the cryptocurrency platform said Thursday.
- Estee Lauder EL.N said on Thursday that Tracey Travis would be stepping down and retiring from her 12-year role as the MAC lipstick maker's finance chief, effective June 30, 2025.
- Hasbro HAS.O said it promoted Stephanie Beal as its new supply chain chief and made two other senior appointments as part of the toy maker's turnaround efforts following slowing post-pandemic sales.
- Comedian Dax Shepard has signed a roughly $80 million podcasting deal with Amazon AMZN.O, shifting his popular "Armchair Expert" show to its Wondery platform from Spotify SPOT.N, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
(Compiled by Bengaluru newsroom)
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