News Highlights: Top Company News of the Day
May 12 2021 - 5:15PM
Dow Jones News
Police Arrest Tesla Driver Who Operated Car From Back Seat in California
The California Highway Patrol charges a Tesla Model 3 driver
with reckless driving in the Bay Area after police received 911
calls.
CDC Panel Recommends Covid-19 Vaccine for 12- to 15-Year-Olds
A federal advisory panel voted to recommend the Pfizer-BioNTech
vaccine at a meeting after reviewing clinical trial data and other
relevant information.
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 Least Engaged Employees Enjoy Working From Home
Conversely, Sandeep Mathrani said Wednesday at The Wall Street
Journal's Future of Everything Festival, 'Those who are uberly
engaged with the company want to go to the office two-thirds of the
time, at least.'
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 pizza 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 decision deals a new blow to the bloc's efforts to wring
more tax from big tech companies.
(END) Dow Jones Newswires
May 12, 2021 17:00 ET (21:00 GMT)
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