Ericsson to Pay Nokia $97.2 Million to Settle Damages Claim

Ericsson said it would pay Nokia $97.2 million to settle a damages claim relating to previously announced allegations that it violated the U.S. Foreign Corrupt Practices Act.

 
Volvo Cars to Explore Possible IPO

The Swedish auto maker, which is owned by China's Geely, has discussed a potential listing for some time.

 
WeWork CEO Says Workers Who Want Back Into the Office Are the Most Engaged

Conversely, Sandeep Mathrani said Wednesday at The Wall Street Journal's Future of Everything Festival, 'Those who are least engaged are very comfortable working from home.'

 
SAP Discloses Investment by Chairman's Charity in Joint Venture

The German software company said the Hasso Plattner Foundation had invested in a financial-services joint venture SAP had created, and denied any wrongdoing in not disclosing the investment earlier.

 
Pershing Square Holds Nearly 6% of Domino's Pizza, Bill Ackman Says

The billionaire investor said he puts the restaurant chain in the category of "super-durable growth companies," speaking at The Wall Street Journal's Future of Everything Festival.

 
By Chloe Co-Founder Sues Investors Over Trademark

Celebrity chef Chloe Coscarelli is suing investors in the vegan restaurant chain that bears her name for alleged trademark infringement in the past.

 
Insurance Brokers Sell Assets to Win Approval for $35 Billion Merger

Aon and Willis Towers Watson agreed to sell a package of assets to a smaller rival in an effort to win antitrust approval for their tie-up to create the world's largest insurance broker.

 
Amazon Wins Appeal Over $300 Million EU Tax Bill

The European Union's second-highest court sided with Amazon over a $300 million tax bill, dealing a new blow to the bloc's efforts to wring more tax from big tech companies.

 
Hertz Shareholder Payout Set to Swell On Winning Bankruptcy Bid

Knighthead Capital Management and Certares Management emerged as winners in a bidding war that drove up the rental car company's value.

 
Mexico Invalidates Union Vote at GM Plant

The Labor Ministry said it found enough irregularities to invalidate the vote at GM's Silao assembly plant and ordered the union to conduct another within 30 days.

(END) Dow Jones Newswires

May 12, 2021 15:00 ET (19:00 GMT)

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