PRESS DIGEST- New York Times business news - December 12

Reuters12-12
PRESS DIGEST- New York Times business news - December 12

Dec 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Lululemon Athletica's LULU.O chief executive Calvin McDonald will step down from the role early next year.

- Director Carl Erik Rinsch, who was hired by Netflix NFLX.O to make a science-fiction series, was convicted on charges that he had engaged in an $11 million scheme to defraud the company.

- Walt Disney DIS.N is investing $1 billion in Microsoft MSFT.O backed OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator.

- U.S. President Donald Trump signed an executive order aimed at increasing oversight of the proxy advisory industry, saying top firms often "advance and prioritize radical politically-motivated agendas."

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment