PRESS DIGEST- Wall Street Journal - Feb 13
Feb 13 (Reuters) - Following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Activist investor Carl Icahn has a nearly 10% stake in JetBlue Airways and may consider pushing for board representation, in one of the billionaire's boldest moves since a short-seller attacked his firm last year.
- U.S. lawmakers have written to various government bodies, including the Department of Defense, seeking to investigate Chinese biotech companies WuXi AppTec and Wuxi Biologics over alleged ties to the Chinese military.
- Canada's BlackBerry said on Monday it was targeting an additional increase of $100 million in its annual profit as the cybersecurity firm slashes costs, including reducing workforce.
- American Electric Power announced a deal with Icahn Capital to give the activist investor two board seats.
- PayPal said in a regulatory filing Monday that Aaron Karczmer, executive vice president and chief enterprise services officer, would depart April 30.
- Apparel retailer Express is preparing for debt restructuring and a possible bankruptcy within weeks.
(Compiled by Bengaluru newsroom)
