News Highlights: Top Company News of the Day
September 21 2021 - 11:30AM
Dow Jones News
McDonald's Plans to Make Happy Meal Toys More Sustainable
The fast-food chain is shifting some of its toys to plant-based
materials, and the new toys will begin appearing in the U.S. in
January
Justice Department Preparing to Challenge American-JetBlue Pact
The department's antitrust division expects to file a lawsuit as
soon as Tuesday arguing the airlines' agreement is
anticompetitive.
AutoNation Taps Auto Veteran as New CEO
AutoNation said it appointed former Fiat Chrysler chief Mike
Manley as its next CEO, tapping an auto-industry veteran to steer
the nation's largest publicly traded car-dealership chain out of
the pandemic.
Google to Buy NYC Office Building for $2.1 Billion
The purchase in Manhattan is the priciest in the U.S. since the
pandemic began.
U.S. Bancorp to Buy MUFG Union Bank for About $8 Billion
The deal, in which U.S. Bancorp will buy MUFG Union Bank's core
regional banking franchise for about $8 billion in cash and stock,
would boost U.S. Bank's presence in California and other parts of
the West Coast.
Hines, Korean Pension Fund Bet Big on San Francisco Comeback
The two plan to redevelop the site of PG&E's office campus
in San Francisco.
J&J Says Covid-19 Vaccine Booster Two Months After First Shot Increases Protection
Johnson & Johnson said a booster dose of its Covid-19
vaccine administered two months after the first shot increased
protection against symptomatic illness in trial participants.
Uber Says First Adjusted Profit Possible This Quarter
The ride-hailing giant said it could reach a measure of
profitability in the current quarter, months earlier than
previously expected, in what would be Uber's first adjusted
earnings since its inception more than a decade ago.
Developer China Evergrande's 'Darkest Moment' Will Pass, Boss Tells Staff
The boss of beleaguered China Evergrande said he expects the
developer to emerge soon from what he called its "darkest moment"
and pledged to deliver the homes it has promised to buyers and
other stakeholders.
Credit Suisse's Archegos Disaster Exposes Cracks in Bank Regulation
When Archegos blew up, it saddled Credit Suisse with $5.5
billion in losses. One reason investors and regulators were
blindsided: a gap in the regulatory oversight of big international
banks.
(END) Dow Jones Newswires
September 21, 2021 11:15 ET (15:15 GMT)
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