Lordstown Motors Chief Executive, Finance Chief Resign

The electric-truck startup said CEO Steve Burns and CFO Julio Rodriguez have stepped down after a special committee found that some disclosures the company made about truck preorders were inaccurate.

 
Grocery Courier Boxed to Go Public in SPAC Deal

Boxed and Seven Oaks said the deal would value the combined company at nearly $900 million and provide money to serve more households and businesses that started ordering groceries online during the pandemic.

 
Shell Considering Sale of Texas Shale: Report

A disposal would help shrink the oil giant's net debt, which stood at $71 billion in March.

 
Novavax Covid-19 Vaccine Is 90% Effective in Key Study

An experimental vaccine from Novavax was effective at preventing symptomatic disease in adults in a large clinical trial, results that move the shot a step closer to global use.

 
European Privacy Ruling Could Mean More Scrutiny of Companies

Europe's top court is set to rule on whether national regulators can reach across borders.

 
Bitcoin on the Balance Sheet Is an Accounting Headache for Tesla, Others

Tesla and other companies that hold the notoriously volatile cryptocurrency often must record impairment charges when its value falls.

 
Investors Crave More of Payments Company Stripe

Shopify, Sequoia Capital and others bought about $1 billion of shares in fintech Stripe in a recent tender offer.

 
Nike Super Spikes Are So Fast, Rivals Are Wearing Them

Its track shoes are helping set records, spawning similar models and prompting other brands to let their own runners wear the swoosh in the U.S. Olympic trials or risk lagging behind.

 
Toshiba to Appoint New Directors to Reform Corporate Governance

Toshiba Corp. Board Chairman Osamu Nagayama said Monday that the company will look for new directors after a probe found it worked with the Japanese government against foreign shareholders.

 
Torrens Group Plans to Raise Over $900 Million in Australia IPO

Torrens Group plans to raise $905.3 million in gross proceeds through an initial public offering in Australia, as the company seeks to tap new investors.

(END) Dow Jones Newswires

June 14, 2021 11:00 ET (15:00 GMT)

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