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FanDuel parent Flutter says CEO Peter Jackson is stepping down, replaced by President Dan Taylor, and reports a lower profit outlook as its US business falters (Wall Street Journal)

The parent company of FanDuel says CEO Peter Jackson is being replaced by Dan Taylor, the company's president

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

Read the original at wsj.com →

More in Finance & Markets

Litigation costs a factor as ASB net profit drops to $1.3b

ASB is the first of the big four Australian-owned banks to report its New Zealand result.

  • ASB's net profit drops to NZ$1.3 billion, a 2% decrease
  • $135 million settlement from class action lawsuit impacts costs
  • Home lending sector grows by 6% to NZ$84.5 billion