Wall Street Journal - May 24
May 24 (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.
- Canadian apparel maker Gildan Activewear GIL.TO said on Thursday its board of directors has resigned and its CEO Vince Tyra has stepped down to be replaced by former top boss Glenn Chamandy.
- Customers of Charter Communications' CHTR.O Spectrum TV will get free access to Paramount Global's PARA.O ad-supported streaming services with their cable packages under a new distribution deal.
- Starwood Real Estate Income Trust (SREIT) is temporarily limiting share redemptions to avoid forced sales of its real estate holdings in a market that continues to be pressured by high interest rates.
- The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year.
- Boeing BA.N said it would burn billions of dollars more than expected in the coming months and likely won't generate cash for the full year, signaling the jet maker is struggling to contain the financial fallout from cascading production and supply-chain issues.
- Alibaba Group Holding 9988.HK said on Thursday the Chinese e-commerce giant would sell convertible bonds to raise about $4.5 billion and plans to use some of the proceeds to repurchase American Depositary Shares.
(Compiled by Bengaluru newsroom)
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