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PRESS DIGEST -Wall Street Journal - July 28

PRESS DIGEST -Wall Street Journal - July 28

Reuters · 07/28/2022 01:12
PRESS DIGEST -Wall Street Journal - July 28

- The following are the top stories in the Wall Street Journal. Reuters has verified these stories and does vouch for their accuracy.


- JetBlue Airways Corp JBLU is a deal to buy Spirit Airlines Inc SAVE according to people familiar with the matter. https://on.wsj.com/3PYRApV


- A group of offshore creditors to China Evergrande Group EGRNY are demanding additional information about the seizure of $2 billion by local banks that could explain how the troubled property developer pledged the funds without investors' knowledge, according to people familiar with the matter. https://on.wsj.com/3cJarqM


- The Federal Aviation Administration mishandled some of its oversight responsibilities at Southwest Airlines Co LUV in recent years, a report from an agency auditor found. https://on.wsj.com/3S9xc7F


- Electric-vehicle startup Rivian Automotive Inc RIVN is laying off 6% of its 14,000 employees, a cash-saving move aimed at responding to inflationary pressures and a rapidly changing economy, according to an internal email sent to workers Wednesday and reviewed by The Wall Street Journal. https://on.wsj.com/3OF34xO


(Compiled by Bengaluru )

((globalnewsmonitoring@thomsonreuters.com))