PRESS DIGEST- Wall Street Journal - August 7
Aug 7 (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.
- U.S. trucking firm Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday, burdened with a heavy debt load after a series of mergers and following tense contract negotiations with the Teamsters Union.
- The parent company of Pollo Tropical restaurant chain, Fiesta Restaurant Group, is nearing a deal to be bought by Authentic Restaurant Brands, part of New York-based Garnett Station Partners for $225 million.
- Airlines in the U.S., Europe and Asia are temporarily reducing some flights and routes to inspect aircraft affected by the recall of hundreds of Pratt & Whitney jet engines, leaving the unit of the aerospace and defense company RTX facing a potential multibillion-dollar bill.
- The blockbuster film "Barbie" has topped $1 billion in box office ticket sales worldwide since its July 21 debut, making writer and director Greta Gerwig the first female filmmaker to surpass the billion-dollar benchmark as a solo director.
(Compiled by Bengaluru newsroom)
