News Highlights: Top Company News of the Day
September 24 2021 - 7:30AM
Dow Jones News
Evergrande Never Received a Warning From Its Auditor
Last year the property developer offered deep discounts to keep
sales growing and the government effectively said it had borrowed
too much, yet its auditor gave it a clean bill of health.
Apollo Unit Backs Hong Kong Insurer FWD's $3 Billion U.S. IPO
Hong Kong tycoon Richard Li's FWD Group landed a $400 million
investment as part of the Asian insurer's plans for a
multibillion-dollar U.S. listing.
Toast Is Hot, but Software Is the Jam
After a sizzling public offering for the restaurant technology
provider Toast, investors should be looking closely at its
subscription software business.
Evergrande Bondholders Await Update on Key Interest Payment
Global investors who own China Evergrande's U.S. dollar bonds
were in the dark about whether the property giant would make a key
interest payment, a major test of the highly indebted developer's
ability to avoid a default.
Barry Diller's IAC in Talks to Buy Magazine Publisher Meredith
The deal under discussion is expected to be valued at more than
$2.5 billion and would vastly expand IAC's stable of online
publications, according to people familiar with the matter.
Nike's Revenue Pinched by Supply-Chain Disruptions
The sneaker giant reported a 16% rise in quarterly revenue but
said production problems in Asia and trans-Pacific shipping delays
are constraining sales.
Costco Sales Rose 17% in Latest Quarter
Retailer's profit totaled $1.67 billion as consumer spending
increased in the U.S.
Alibaba, Under Beijing Pressure, Moves to Sell Stake in State-Owned Broadcaster
Alibaba plans to dispose of its minority ownership in a
state-owned broadcaster, the first concrete step the Chinese
internet giant is taking to dismantle its sprawling media empire
following pressure from Beijing.
Apple Opposes EU Charger Plan
Apple hit back at European Union moves to introduce a universal
charger for smartphones, tablets and other electronic devices,
saying such legislation would be anti-innovation and would increase
waste.
CDC Chief Backs Pfizer Boosters for At-Risk Workers in Break With Panel
The director of the Centers for Disease Control and Prevention
said workers at high risk of Covid-19 infection should receive a
booster of Pfizer's vaccine, in a decision that deviated from the
recommendation of an advisory panel that the CDC typically
follows.
(END) Dow Jones Newswires
September 24, 2021 07:15 ET (11:15 GMT)
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