Press Digest: Wall Street Journal - March 14

Fossil

14/03/2024 05:36

March 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.
    
  
    - Apparel maker Under Armour  UAA.N  said on Wednesday
founder Kevin Plank will return to the company as CEO, effective
April 1.
    
    - Electric vehicle startup Fisker  FSR.N  has hired
restructuring advisers to assist with a possible bankruptcy
filing.
        
  
        - Marlboro maker Altria  MO.N  said on Wednesday it
plans to sell 35 million shares of brewer Anheuser-Busch InBev
 ABI.BR .
        
  
        - Fossil Group  FOSL.O  said on Wednesday that Kosta
Kartsotis has stepped down as chief executive as the company
conducts a strategic review of its business model and capital
structure.
        
  
        - The U.S. Treasury Department is investigating $165
million in cryptocurrency-linked transactions that may have
helped finance Hamas before the militant group's Oct 7 attack
against Israel.
        
  
        - Dollar Tree  DLTR.O , which operates roughly 16,700
locations including the Family Dollar chain, said it would close
nearly 1,000 Family Dollar stores over the next few years as it
battles merger indigestion, inflation and store theft.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))