Consumers Eating at Home Lead to Higher Sales at Kroger

The grocery chain raised its full-year guidance as consumers continued to opt for eating at home, but said higher supply-chain costs are squeezing its profits.

 
Blackstone's Tony James to Retire

Hamilton "Tony" James, who helped transform Blackstone from a small private-equity shop into an investment giant with $731 billion in assets, is leaving the company in January.

 
Grab Shares Rise on First Day of Trading After Blockbuster SPAC Deal

Shares of the Singapore ride-hailing and delivery company were higher in morning trading.

 
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.

 
BuzzFeed News Union Workers Walk Out in Protest on Day of SPAC Vote

The union alleges that BuzzFeed management has offered members 1% annual guaranteed pay increases and said it hasn't moved on a proposed salary floor of $50,000.

 
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.

(END) Dow Jones Newswires

December 02, 2021 11:15 ET (16:15 GMT)

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