Thursday, March 13, 2025

Wall Street Journal, March 13,

March 13, 2025

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy.

Intel has named Lip-Bu Tang as its new CEO. Intel chose a long-time industry executive and former board member to help the company turn things around.

Sunnova Energy is one of the largest residential solar companies in the United States and is planning to meet with its creditors to discuss options, such as a possible bankruptcy filing. The company owes approximately $8.5 billion.

Algoma Steel Group says it expects tariffs will hurt its finances and business operations. However, the company has said that it is still too early to determine the full extent of these effects.

Chinese authorities summoned Walmart executives for a reprimand this week, after receiving complaints about the retailer's pressure on some Chinese suppliers to reduce prices in order to absorb the costs of U.S. Tariffs.

Fossil Group will close 50 stores, and reduce jobs as part of a turnaround strategy to save money.

Executives said that Alimentation Couche-Tard would continue to pursue Seven & i in a friendly manner, expressing confidence that they could overcome any antitrust issues which might prevent the acquisition from taking place.

The U.S. Federal Judge blocked the majority of the White House Executive Order punishing Perkins Coie. He said the administration had violated the First Amendment when it targeted the law firm because President Donald Trump disliked its work for his political rivals. (Compiled and published by Bengaluru Newsroom)

(source: Reuters)

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