Wall Street Journal - Aug 2
Aug 2 (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.
- Intel INTC.O plans to lay off about 15,000 of employees this year and pause dividend payments as part of a broad cost-saving drive more than three years into Chief Executive Pat Gelsinger's turnaround effort.
- An U.S. antitrust verdict against the National Football League (NFL) that resulted in a $4.7 billion award in damages to customers of the league's "Sunday Ticket" television package was overturned by the judge in the case.
- 3M MMM.N named Anurag Maheshwari, chief financial officer at elevator maker Otis Worldwide OTIS.N, as its next CFO, adding another corporate outsider to the manufacturing giant's executive ranks.
- Spirit Airlines SAVE.N is furloughing about 240 pilots and downgrading about 100 captains in a bid to cut costs as the airline industry’s fight for passengers weighs on its bottom line.
- Former CNN anchor Don Lemon is suing Elon Musk and X for breach of contract after the owner of the social-media platform canceled a short-lived partnership deal following a testy interview.
- Airlines would have to allow parents to book seats next to young children without paying extra fees under a Biden administration proposal that seeks to address a major travel headache for families.
(Compiled by Bengaluru newsroom)
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