Wall Street Journal - Sept 20
Sept 20 (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.
- Warner Music WMG.O expects to lay off an additional 150 employees, representing 13% of its total headcount, as part of a restructuring plan to boost its core recorded music business.
- Nike's NKE.N John Donahoe will retire as chief executive next month after nearly five years at the helm and will be succeeded by Elliott Hill.
- Olive Garden owner Darden Restaurants DRI.N struck a delivery deal with Uber Technologies UBER.N, betting that shuttling pasta and breadsticks to diners at home can help reverse flagging sales as consumers spend less at restaurants.
- Disney DIS.N plans to move away from its use of Slack as a company-wide workplace communication tool after hackers stole and leaked more than a terabyte of company data online.
- Advertising holding company Publicis Groupe PUBP.PA said it bought commerce marketing agency Mars United Commerce. The deal values Mars at around $600 million, according to a person familiar with the matter.
- German media empire Axel Springer will be split between CEO Mathias Doepfner and private equity firm KKR KKR.N, the company said on Thursday, in a deal that secures the billionaire chief executive's control over news titles Bild and Politico.
(Compiled by Bengaluru newsroom)
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