News Highlights: Top Company News of the Day
September 27 2021 - 7:30AM
Dow Jones News
Spotify Kicks Off Campaign to Win More Advertisers
Spotify Technology began its first global brand campaign
designed to court marketers as the audiostreaming giant tries to
expand the revenue it collects from advertising.
Google Pushes to Overturn EU's $5 Billion Antitrust Decision
Alphabet's Google argued that its Android operating system for
mobile devices has boosted competition rather than stifled it.
China's Cnooc Plans Big Share Sale at Home as U.S. Delisting Looms
Cnooc plans to raise more than $5 billion from a domestic share
sale as it faces a possible delisting of its U.S. securities.
Gores Guggenheim SPAC Nears Deal to Combine With Polestar
Polestar is nearing a deal to go public through a merger with a
special-purpose acquisition company that would value the Swedish
electric-vehicle maker at $21 billion.
China Evergrande New Energy Vehicle Scraps Shanghai Listing Plans
Cash-strapped China Evergrande New Energy Vehicle Group Ltd. has
shelved plans to list on the Shanghai Stock Exchange, as the debt
crisis at its parent, China Evergrande Group, weighs on market
confidence.
Sigma Healthcare Makes Takeover Proposal for API
A takeover tussle has begun for Australian Pharmaceutical
Industries Ltd. after Sigma Healthcare Ltd. made a proposal worth
$562 million to buy the drug retailer and wholesaler.
China Has New Way to Fight IP Theft Claims
Chinese technology giants have seized on a new legal tactic to
fight claims of intellectual property theft, raising concerns in
the U.S. that Beijing's promises to strictly enforce patent and
copyright laws will be undermined by Chinese courts.
Prudential to Raise $2.4 Billion From Hong Kong Offer
Prudential will raise $2.4 billion by issuing new shares,
proceeds of which will be used by the insurer to redeem high-coupon
debt due in six months and invest for growth.
At DWS, Data Issues Were at Heart of Sustainable-Investing Problems
Fund managers at Deutsche Bank's asset-management arm ignored
calls to use ESG data to judge which investments to make, according
to previously unreported internal emails and the former
sustainability chief, Desiree Fixler.
Poshmark Is at Least Worth an Offer
Poshmark, the social shopping site, might not be everyone's
ideal fit in retail, but suddenly it seems like one of the
cheapest.
(END) Dow Jones Newswires
September 27, 2021 07:15 ET (11:15 GMT)
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