News Highlights: Top Company News of the Day
June 15 2021 - 9:30AM
Dow Jones News
PwC to Spend $12 Billion on Hiring, Expanding Expertise in AI, Cybersecurity
PricewaterhouseCoopers plans to spend $12 billion and hire
100,000 new people in areas such as artificial intelligence and
cybersecurity by 2026, the latest move by a Big Four accounting
firm to bet big on technology.
AstraZeneca Covid-19 Antibody Treatment Suffers Setback
AstraZeneca's coronavirus antibody treatment failed in
late-stage clinical trials to achieve its primary goal of
preventing symptomatic Covid-19 in people recently exposed to the
virus, the latest disappointment in a broader search for reliable
post-infection therapies.
U.S. and EU Agree to Suspend Airbus-Boeing Trade Fight
The move to end the longest and most costly spat in the history
of the WTO will significantly reduce trade tensions between the two
economies.
Apollo, Ares and Oaktree Team Up on Initiative to Lure Black Talent
The investment firms will each commit $3 million yearly over a
decade to a joint initiative aimed at attracting more Black talent
to the industry, which has struggled to do so despite numerous
attempts.
New Book Publisher Caters to Conservative Voices
All Seasons Press, led by two industry veterans, backs
right-wing authors as mainstream houses face growing disputes over
editorial decisions.
Lufthansa Sets 2024 Targets, Mulls Capital Increase
Germany's Lufthansa said it aims to boost its earnings margin
and return on capital employed by 2024 and outlined plans for a
capital increase, as it prepares for a rebound in passenger
demand.
H&M Sales Surge But Undershoot Forecasts
Sweden's H&M posted a slightly-below-forecast 62% rise in
second quarter sales, as pandemic restrictions eased, although
stores in markets such as France and Germany remained closed almost
throughout the quarter.
Lordstown Motors' New Interim CFO Known for Turning Around Struggling Companies
The Lordstown, Ohio-based company on Monday disclosed it engaged
AP Services LLC, a subsidiary of AlixPartners LLP, as part of an
executive reshuffling after a board report found inaccuracies in
some of the firm's disclosures about truck preorders.
Philips Recalls Millions of CPAP, Ventilator Machines
The company said that sound-damping foam in the breathing
devices could degrade and be inhaled or swallowed.
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.
(END) Dow Jones Newswires
June 15, 2021 09:15 ET (13:15 GMT)
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