off-the-wire

PRESS DIGEST- Wall Street Journal - Feb 14

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 14 (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. President Joe Biden is set to name U.S. Federal Reserve Vice Chair Lael Brainard to serve as his economic-policy coordinator, according to people familiar with the matter. - Michigan State University police said the suspect in Monday's mass shooting at the Michigan State University, U.S., was found by police and died of a self-inflicted wound.


- Twilio Inc said it is laying off about 17% of its employees and reducing certain employee perks as the cloud-communications company moves to give priority to profit over growth. - Walmart plans to close three of its U.S. technology hubs and require hundreds of workers to relocate to keep their jobs, according to a memo reviewed by The Wall Street Journal.


- Facebook parent Meta Platforms said Monday that the executive in charge of overseeing the company's advertising business would be leaving the company. - The Japanese government nominated Kazuo Ueda to become the next governor of the Bank of Japan, the first leadership change in a decade after Gov. Haruhiko Kuroda's aggressive monetary easing.
(Compiled by Bengaluru newsroom)

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