JPMorgan Buys Stake in Robert Kraft's Sports-Data Company

The bank plans to use the heaps of data that flows from legal sports betting, mobile ticketing and concession sales, among other things, to advise clients looking to buy and owners trying to wring more profit out of their teams.

 
Visa Buys Swedish Fintech Tink for More Than $2 Billion

Acquiring the startup would give Visa a foothold in the fast-growing business of open banking, which connects consumers to multiple financial institutions.

 
Kiewit Corp. Pulls Out of $2.1 Billion Newark AirTrain Bid

The construction firm is locked in a dispute with Newark Airport's operator over a separate project involving a $105 million cost overrun for a new bridge.

 
FedEx Suspended Service for 1,400 Freight Customers

The logistics giant suspended about 1,400 customers of its Freight shipping service earlier this month, a move that surprised customers and was aimed at easing a congested network.

 
Ad-Tech Company Innovid to Go Public Through Proposed SPAC Merger

The company is joining a flurry of businesses in the sector going public

 
Luminar's CFO Aims to Conserve Cash as Company Begins Commercial Production

Luminar Technologies, which makes sensors for autonomous cars, is looking to boost production while building up a cash cushion on its balance sheet.

 
House Panel Votes to Curb Tech Giants

Big tech firms, including Google and Facebook, lost the first round in Washington after a House committee approved far-reaching legislation to curb their market dominance. They will take the battle over the proposed regulations and oversight to the House floor and Senate.

 
Goat Group Valued at $3.7 Billion in Latest Funding Round

Parent company of an online sneaker marketplace says it has raised $195 million through private investors, which it plans to use to continue its push into international markets.

 
E-Mart to Buy eBay's South Korean Unit for $3B

E-commerce platform eBay Inc. agreed to sell an 80.0% stake in its South Korean unit to retailer E-mart for about $3.0 billion.

 
Siemens Raises Growth Targets, Plans Buyback

Siemens upgraded some of its growth targets and said it would launch a share buyback program of up to EUR3 billion in October.

(END) Dow Jones Newswires

June 24, 2021 09:15 ET (13:15 GMT)

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