News Highlights: Top Company News of the Day
September 20 2021 - 3:30AM
Dow Jones News
Chinese Property Sector Selloff Continues on Evergrande Worries
Shares of Chinese property developers continued to slide Monday
as worries mounted that China Evergrande Group is moving closer to
a default, signaling the potential for a wider contagion in the
sector.
Shell to Start Making Lower-Carbon Jet Fuel as Regulations Loom
The Anglo-Dutch energy giant is the first big oil company to
disclose production and sales targets for sustainable aviation fuel
as demand ramps up.
Investment Firms Tiedemann and Alvarium Near Deal to Merge, Go Public Via SPAC
The combined investment firm would be called Alvarium Tiedemann
Holdings and be valued at roughly $1.4 billion in the deal with the
SPAC Cartesian Growth Corp., people familiar with the matter
say.
Europe's OVHcloud Readies Possible $4.7 Billion IPO
Potential offering comes amid surging demand for web hosting and
other cloud services after the pandemic pushed businesses and
consumers to accelerate the adoption of digital communication to
interact.
Workers End Strike at Mondelez International
Workers at Mondelez International have ended a weekslong strike
as union members overwhelmingly accepted a new four-year
contract.
Prudential Plans Hong Kong Share Offering
Prudential intends to raise up to $2.9 billion by issuing new
shares as the insurer looks to redeem high-coupon debt due in six
months and invest for growth.
Brookfield Asset Management Makes $6.96 Billion Offer for AusNet
Australian power distributor AusNet Services Ltd. said it
intends to recommend shareholders accept a takeover proposal from
Brookfield Asset Management Inc. that values its equity at $6.96
billion.
TikTok Maker Caps Screen Time for Youths in China
ByteDance implements "youth mode" for users under age 14 as
Beijing steps up scrutiny of tech use by young people.
Universal Music Spinoff to Test Investors' Appetite for Music
The company behind Taylor Swift and Drake is expected to list in
Europe on Tuesday after Vivendi distributes shares to its
stockholders.
Sonos Has a Few Laws on Its Side
Ability to raise prices while demand is booming is an even
better sign for the maker of premium speakers than the patent win
against Google.
(END) Dow Jones Newswires
September 20, 2021 03:15 ET (07:15 GMT)
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