News Highlights: Top Company News of the Day
June 21 2021 - 3:23AM
Dow Jones News
Vivendi to Sell 10% of Universal to William Ackman
Vivendi has reached an agreement for a 10% investment in
Universal Music by William Ackman's Pershing Square, valuing the
world's largest music company at about $40 billion.
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.
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.
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.
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.
North Face 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.
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.
KKR to Buy Indian Cosmetics Firm for $625 Million
KKR & Co. will buy the majority stake from the founders of
Vini Cosmetics and Sequoia Capital, one of India's largest
personal-care products distributor with a network of approximately
700,000 points of sale and 3,000 dealers.
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.
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.
(END) Dow Jones Newswires
June 21, 2021 03:15 ET (07:15 GMT)
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