PRESS DIGEST- Wall Street Journal - Nov 3
Nov 3 (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.
- FTX founder Sam Bankman-Fried was found guilty of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record.
- Cedar Fair and Six Flags Entertainment agreed to merge to spur a post-COVID-19 pandemic recovery that U.S. amusement park operators have been chasing, as consumers have curbed spending due to an uncertain economic outlook.
- Amazon.com is closing its physical clothing stores, ending a brief attempt to bring its fashion offerings to bricks-and-mortar spaces.
- National Association of Realtors CEO Bob Goldberg has stepped down just days after a U.S. jury found realtors liable for inflating commissions and awarded $1.78 billion in damages.
- Lendlease said its agreement with Alphabet's Google to build four neighborhoods in Silicon Valley has ended after the U.S. company reviewed its real-estate investments.
- Goldman Sachs will promote 608 executives to managing directors next year, fewer than the 643 senior bankers it elevated two years ago.
(Compiled by Bengaluru newsroom)
