Amazon, Google Probed in U.K. Over Fake Reviews

The U.K.'s antitrust regulator launched an investigation into whether Amazon.com and Google are doing enough to crack down on fake reviews, adding a new layer to the regulatory scrutiny of U.S. tech giants.

 
Credit Suisse's SPAC Bonanza Dries Up

In a year of twin crises related to the collapse of clients Archegos and Greensill, Credit Suisse had a booming blank-check business to fall back on. That has now slowed dramatically.

 
Toshiba Shareholders Oust Chairman

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.

 
Nike Gets Along Fine Without China, for Now

Soaring North America sales are more than making up for a social-media backlash against Nike in China, but that won't be the case forever.

 
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.

 
Renault, STMicroelectronics Join Forces on Chip Supplies

Renault and STMicroelectronics are working together to secure supplies of key semiconductor components for the French car maker's electric and hybrid vehicles, as a shortage of components continues to squeeze the auto industry.

 
Adidas Boosted by Nike's Upbeat Sales

Shares in Adidas rose more than 5% after Nike posted record sales fueled by solid U.S. consumer demand for sportswear--an indicative sign of the sector's bright prospects.

 
Roche Drug Gets FDA Emergency-Use Clearance

Roche has received an emergency-use authorization from the FDA for its Actemra/RoActemra drug to treat hospitalized patients with Covid-19.

 
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.

 
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.

(END) Dow Jones Newswires

June 25, 2021 07:15 ET (11:15 GMT)

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