PRESS DIGEST - Wall Street Journal - September 9

Reuters
09/09
PRESS DIGEST - Wall Street Journal - September 9

Sept 9 (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.

- The Long-Term Stock Exchange plans to petition the SEC to let U.S. public companies report earnings semiannually instead of quarterly, aiming to reduce costs and shift focus from short-term targets to long-term growth.

- OpenAI's executives are facing mounting pressure over a proposed for-profit restructuring, as California and Delaware attorneys general investigate potential violations of nonprofit law amid backlash from philanthropies, labor groups, and civil society organizations.

- Rupert Murdoch's children James, Elisabeth, and Prudence have settled a long-running dispute over the family trust by relinquishing claims in exchange for cash-funded new trusts, leaving Lachlan, Grace, and Chloe Murdoch with control over major stakes in Fox FOXA.O and News Corp NWSA.O.

- The White House is preparing a report critical of the Bureau of Labor Statistics following President Trump's firing of its commissioner over disputed jobs data, raising concerns among economists about politicizing economic statistics and undermining trust in official figures.

- Microsoft MSFT.O has signed a $17.4 billion, five-year deal with Dutch AI infrastructure firm Nebius to secure GPU capacity from its new data center in New Jersey, with the potential to expand the agreement to $19.4 billion as demand grows.

- Intel INTC.O announced the departure of former co-CEO Michelle Johnston Holthaus, citing a reduction in her role, while unveiling a major leadership reshuffle to strengthen its core product strategy and engineering culture amid U.S. government investment and executive scrutiny.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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