Apollo to Buy Griffin Capital Units

The deal will add about $5 billion of assets under management in products designed for individual investors.

 
Glaxo Says Antibody Drug Is Likely Effective Against Omicron

Early laboratory studies suggest that the treatment is effective against the Omicron variant, setting it apart from similar therapies that appear to work less well against the strain.

 
HSBC, Credit Suisse, Others Fined for 'Sterling Lads' Currency Cartel

EU authorities fined four banks close to $400 million for manipulating the foreign-currency market by exchanging sensitive information and trading plans, including through an online chat room.

 
David Steinberger-Led Group Buys Ebook Publisher Open Road

The parties declined to disclose terms of the deal, but a person familiar with the sale said Open Road, which had been primarily owned by a group of institutional investors, sold for between $60 million and $80 million.

 
China Sets Boeing 737 MAX Directive for Flight Resumption

The Civil Aviation Administration of China ordered certain software installation and a revision of the flight manual, among other changes. It didn't specify when China would allow the flights to resume.

 
Chips Stacked High at GlobalFoundries

GlobalFoundries is one of the semiconductor space's most richly valued companies, at nearly 78 times forward earnings, but a strong base of future business already in the books should help it grow into that valuation.

 
Intelsat Bankruptcy Trial Puts Corporate Governance at Issue

Satellite and broadcast giant Intelsat SA is gearing up for a trial over a $15 billion restructuring plan in which creditors are expected to allege that some corporate directors ignored conflicts of interest and prioritized legal releases for themselves after the company filed for bankruptcy.

 
Renewable Natural Gas Firm Opal Fuels to Go Public in $2 Billion SPAC Merger

Opal converts methane emissions from landfills and dairy farms into renewable natural-gas fuel for trucking customers like UPS. It is valued at $2 billion in its SPAC deal.

 
FAA Chief Steve Dickson Takes On Fight Over 5G and Aviation Safety

The cautious regulator is at odds with the telecom industry ahead of next month's planned rollout of new wireless services.

 
Macau Casinos Shut High-Roller Rooms Tied to Arrested Operator

Shares of casino operators tumbled on news of the suspension of Suncity VIP rooms, while the junket operator's leader, Alvin Chau, resigned following his arrest on illegal gambling and money-laundering allegations.

(END) Dow Jones Newswires

December 02, 2021 09:00 ET (14:00 GMT)

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