PRESS DIGEST- Wall Street Journal - June 12
June 12 (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.
- Former Starbucks SBUX.O CEO Howard Schultz endorsed current chief executive Brian Niccol's turnaround plan to correct the chain's recent challenges.
- Canada's Davie Shipbuilding aims to buy a Texas ship-repair facility and start building Arctic-ready vessels for the government, following U.S. President Donald Trump's call to revive American shipbuilding.
- Bojangles, the fast-food chain that specializes in fried chicken and biscuits, is working with investment bankers to potentially sell itself. A transaction could fetch upward of $1.5 billion, roughly triple what it sold for in 2019.
- Coca-Cola COKE.O and other companies have seen a drop in sales due in part to a pullback by Hispanic consumers.
- A federal judge blocked the Trump administration from detaining Columbia University student Mahmoud Khalil under a seldom-used provision of immigration law related to foreign-policy interests.
- The Fulbright program board, the United States' flagship academic-exchange program, resigned over political interference from the Trump administration in its operations.
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