Wall Street Journal - May 14
May 14 (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.
- Walmart WMT.N is in the process of cutting hundreds of corporate jobs and also asking most of its remote workforce to move to offices.
- Kraft Heinz KHC.O is exploring the sale of its famed hot-dog business Oscar Mayer and has tapped Bank of America BAC.N and Centerview Partners to gauge interest in the business, a sale of which could fetch between $3 billion to $5 billion.
- Ride-hailing company Uber UBER.N will acquire Delivery Hero's DHER.DE Foodpanda branded takeaway business in Taiwan for $950 million in cash, the companies said on Tuesday.
- ChatGPT maker OpenAI said it would release a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and image, its latest move to stay ahead in a race to dominate the emerging technology.
- Electric-vehicle maker Fisker FSRN.PK secured about $3.5 million in additional financing via notes due next month, the company said, as the cash-strapped company continues to look at options to help it stay afloat.
- Sony 6758.T announced a restructuring in leadership of its key games business with Hideaki Nishino becoming CEO of Sony Interactive Entertainment’s platform business group, while Hermen Hulst will become CEO of its studio business group.
(Compiled by Bengaluru newsroom)
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