HNA Group Chairman Chen Feng, CEO Adam Tan Detained by Police

Embattled Chinese conglomerate says the pair are suspected of committing crimes and have been detained.

 
Apple Faces Off With Europe Regulators Over Phone Chargers

The EU proposed a bloc-wide common charging standard for smartphones and other electronic devices, a move that, if adopted, would effectively bar the use of Apple's unique "Lightning" charging port.

 
Evergrande Auditor Gave Clean Bill of Health Despite Debt

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.

 
Searchlight Capital Bets on Universal Broadband

Former FCC Chairman, Ajit Pai, who became a partner with Searchlight Capital in April, spoke to WSJ Pro Private Equity about his shift to private equity after a long career in government, as well as how fund sponsors can realize investment gains by helping to close the nation's "digital divide."

 
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 were 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.

(END) Dow Jones Newswires

September 24, 2021 09:15 ET (13:15 GMT)

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