News Highlights: Top Company News of the Day
June 25 2021 - 3:30AM
Dow Jones News
Toshiba Shareholders Oust Chairman in Landmark for Foreign Activists
The ousting of Osamu Nagayama, a longtime pillar of Japan's
corporate world, followed an uproar over collaboration between the
firm's management and the government to stifle foreign
investors.
Didi Sets Valuation Target of $62 Billion to $67 Billion in IPO
The Chinese ride-hailing company is looking to raise $3.9
billion at the midpoint of its price range.
Nike Posts Highest Quarterly Sales
The company's revenue doubled from pandemic depressed levels on
pent-up demand for sneakers.
Panasonic Confirms It Has Sold Entire Stake in Tesla
Panasonic Corp. has sold its entire stake in Tesla Inc., a major
electric-vehicle battery client, for about $3.61 billion.The
Japanese company completed the share sale during the year ended
March 2021.
Air Force One Supplier GDC Heads Off Liquidation Threat From Creditors
Boeing, which had been embroiled in litigation with GDC
Technics, objected to its cash financing, but was overruled in a
bankruptcy court hearing.
Seven Group Improves All-Cash Offer for Boral
Seven Group Holdings Ltd. returned with an improved takeover
offer for Boral Ltd. after the Australian building-materials
supplier rejected an initial approach from its largest
shareholder.
Twilio, Asana to List on Long-Term Stock Exchange in ESG Push
The exchange hopes to be a signal to investors of which
companies have sustainable practices.
Google, Facebook, Amazon Set to Fight House Tech Antitrust Package
The Judiciary Committee approved far-reaching legislation to
curb the market dominance of tech giants.
Teamsters Union Votes to Help Organize Amazon Workers
The resolution follows a failed unionization attempt by Amazon
employees in Alabama.
Food Giant ADM Boosting Defense Against Hack Attempts, CEO Says
The company has formed a ransomware task force and is running
drills, its CEO says at The Wall Street Journal's Global Food
Forum.
(END) Dow Jones Newswires
June 25, 2021 03:15 ET (07:15 GMT)
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