PRESS DIGEST- Wall Street Journal - Feb 21
Feb 21 (Reuters) - Following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Australia's Orica said on Wednesday it would acquire U.S. based sodium cyanide producer Cyanco from an affiliate of Cerberus Capital Management for $640 million.
- FuboTV, a sports streaming service, filed a lawsuit seeking to block the joint venture among Fox Corp, Warner Bros. Discovery and ESPN parent Disney, alleging they wouldn't let Fubo carry a small bundle of sports-focused channels that they are now looking to include in the new service.
- Former Planet Fitness Chief Executive Chris Rondeau has resigned from the gym chain's board after the company laid off a portion of its corporate workforce, the company said in a regulatory filing on Tuesday, adding that Rondeau's resignation is believed to be because of various disagreements since he stepped down from the top job in September.
- An activist group led by Ancora Holdings nominated to Norfolk Southern's board eight independent candidates, including former Ohio Gov. John Kasich and Sameh Fahmy, a former executive at railroad Kansas City Southern, heating up a proxy fight aimed at ousting the railroad's chief executive.
- Cox Communications, a cable television and internet service provider, convinced a U.S. appeals court to throw out a $1 billion jury verdict in favor of several major record labels including Sony, Universal Music and Warner Music, that had accused it of failing to curb user piracy.
- Amazon is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance effective next week, S&P Dow Jones Indices said.
(Compiled by Bengaluru newsroom)
