PRESS DIGEST- Wall Street Journal - Feb 2
Feb 2 (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.
- Activist investor Barington Capital has built an undisclosed stake in Mattel and is seeking changes to boost the toymaker's lackluster stock, according to a letter sent to CEO Ynon Kreiz that was seen by The Wall Street Journal.
- Intel is delaying the construction timetable for its $20 billion chip-manufacturing project in Ohio amid market challenges and the slow rollout of U.S. government grant money to grow the domestic industry.
- Platinum Equity-owned pet company Petmate is nearing a deal to restructure its balance sheet and transfer control to its lenders after consumer demand for its products proved insufficient to satisfy its debt obligations, according to people familiar with the matter.
- Amazon.com is launching a new artificial intelligence-powered shopping assistant called Rufus, the e-commerce giant said Thursday.
- Tesla chief executive Elon Musk on Thursday said the company would hold a shareholder vote to decide whether to incorporate in Texas after a Delaware court ordered him to give up a compensation package valued at $55.8 billion.
- Okta is laying off 400 employees, or about 7% of its workforce, its latest round of cuts as the identification-software company seeks to cut cost, according to a memo by CEO Todd McKinnon to employees. (Compiled by Bengaluru newsroom)
