Vivendi Agrees to Sell 10% of Universal to William Ackman

Vivendi SE on Sunday reached an agreement for a 10% investment in Universal Music Group by William Ackman's Pershing Square Tontine Holdings, valuing the world's largest music company at about $40 billion.

 
North Face Owner Pulled Xinjiang Criticism, Then Reinstated It

The move by VF, which also owns Vans and Timberland, shows the difficulty brands face in catering to Western consumers and China.

 
American Airlines Cuts Some Flights to Avoid Potential Strains

Travel demand returned more sharply than expected, and too many flights can mean more difficulties when things go wrong.

 
Westlake Chemical to Buy Boral's North America Building Products Business

Westlake Chemical Corp. will buy Boral Ltd.'s North America building products business for $2.15 billion and expects the acquisition to nearly double its building products business and improve the diversity of what it sells.

 
CBA Sells General Insurance Arm to Hollard Group

Commonwealth Bank of Australia has agreed to sell its Australian general insurance business to the Hollard Group, with the two companies also striking an exclusive 15-year product distribution agreement.

 
Amtrak's Regional Rail Expansion Faces Hurdle From Freight Trains

The seven major freight carriers have long resisted calls to make more room on their tracks for passenger trains.

 
For Maker of Boats, Motorcycles, ATVs, the Supply Chain Is in Charge

Sports-vehicle maker Polaris is changing its manufacturing and sales strategies on the fly to meet strong demand while coping with shortages of materials and parts.

 
Live-Stream Shopping App Ntwrk Hires Its First CMO

Marketers and tech platforms are trying to duplicate in the U.S. the live-stream shopping boom seen in China.

 
Companies Struggle to Keep Their Tech Workers From Logging Off

Many information-technology workers in the U.S. are on the hunt for new jobs, seeking a wider array of remote work options, better chances for promotions and bigger paychecks, as Covid-19 restrictions ease and the economy rebounds.

 
AstraZeneca Escapes Fines in Covid-19 Vaccine Lawsuit With EU

A Brussels court ruled that the company isn't required to accelerate deliveries of its Covid-19 vaccine to the European Union and isn't on the hook for big fines the bloc had sought over delivery delays.

(END) Dow Jones Newswires

June 20, 2021 21:15 ET (01:15 GMT)

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