Sunac Leads Rebound in Chinese Property Stocks

The real-estate developer played down a leaked request for government help, and the country's central bank said it wants healthy development of the property market.

 
Sanofi Ends a Covid-19 Vaccine Effort

The French pharmaceutical company won't proceed with the development of one of its experimental Covid-19 vaccines, saying it didn't make sense to go forward in an already-crowded market.

 
Morgan Stanley's Top Female Executive in Asia to Retire

Wei Sun Christianson, who has worked at the Wall Street bank for nearly two decades, is stepping down as China CEO and Asia Pacific Co-CEO.

 
Diageo Plans to Make Its Booze With Renewable Energy, Despite Extra Cost

Diageo has opened its first carbon-neutral distillery in the U.S. as part of its plan to get fossil fuels out of alcohol production over the next decade, a project that also means extra costs for the business.

 
Big Tech Companies Amass Property Holdings During Pandemic

Google's announcement last week that it would purchase a Manhattan office building for $2.1 billion is the latest in a string of blockbuster corporate real-estate deals since the start of the pandemic.

 
Smiths Agrees Medical Sale to ICU, to Return Cash

Smiths Group said has agreed to sell its medical unit to ICU Medical for $2.4 billion and will return GBP737 million of the proceeds to shareholders.

 
Infrastructure Investor Quinbrook to Build $370 Million Solar-Power, Energy-Storage Project in U.K.

London-based Quinbrook Infrastructure Partners is betting that combining renewables and energy storage will be a winning strategy in a volatile power market.

 
Maersk to Sell Refrigeration Businesses to CIMC

Maersk plans to sell its refrigerated containers manufacturing and refrigeration businesses to China's CIMC for $1.1 billion.

 
U.S. Units of Trane Reach Proposed $545 Million Settlement in Bankruptcy

Roughly 80,000 asbestos claims pushed the two units, Aldrich Pump and Murray Boiler, into chapter 11 last year. The settlement still requires bankruptcy court approval.

 
Ferrari Hires Former Apple Designer Jony Ive Ahead of Electric Push

Jony Ive's creative company reached a multiyear deal with the luxury sports car maker and its largest shareholder.

(END) Dow Jones Newswires

September 28, 2021 07:15 ET (11:15 GMT)

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