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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