Press Digest: Wall Street Journal - November 4

Dennys

04/11/2025 06:10

Nov 4 (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.

- Starbucks SBUX.O is selling a majority stake in its China retail operations to Boyu Capital, retaining 40%.

- Denny's DENN.O will be taken private in a $322 million deal, with stockholders receiving $6.25 a share, a 52% premium.

- Anthropic partnered with Cognizant CTSH.O, making it one of the firm's three largest customers, to expand its AI models to corporate clients.

- Kimberly-Clark KMB.O agreed to acquire Kenvue KVUE.N for more than $40 billion, creating a health-and-wellness company with $32 billion in annual revenue.

    - Hundreds of travel businesses urged Congress to shutdown end the monthlong U.S. government by passing a straightforward spending bill.

    - The U.S. government will use $4.65 billion in emergency funds to cover approximately 50% of November SNAP benefits.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))