PRESS DIGEST- Wall Street Journal - Feb 5 - Southern Business Review


Facebook Follow

Monday, February 4, 2019

PRESS DIGEST- Wall Street Journal - Feb 5

Feb 5 (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.

- Lawyers for Sears Holdings Corp and the company's unsecured creditors committee faced off on Monday in bankruptcy court over Edward Lampert's bid to keep the embattled retailer alive.

- Activist investor Starboard Value LP on Monday said it would make a $200 million investment in Papa John's International Inc and its chief executive will become chairman of the pizza chain.

- United Continental Holdings Inc is steering its pilots away from a remote Canadian airfield sometimes used for diverted planes two weeks after one of its jets marooned about 250 passengers there for hours.

- ProvideGx, the new generic-drug venture, will begin supplying metoprolol in the middle of February, according to executives at Premier Inc which unveiled the subsidiary last month.

- Gannett Co Inc said on Monday that its board of directors had unanimously rejected Digital First Media's offer to buy the USA Today publisher for $1.4 billion.

- Chevron Corp on Monday named Pierre Breber as chief financial officer amid a shift of senior executives.

Compiled by Bengaluru newsroom