BuzzFeed Suffers Wave of SPAC Investor Withdrawals Before Going Public

The withdrawals are expected to substantially reduce digital media outlet's cash on hand.

 
Kroger's Modest Margins Could Become a Strength

The grocery chain, which reported better-than-expected quarterly results, continues to invest in price competitiveness, which could position it well going forward.

 
Golden Nugget's Parent Tries to Halt Proposed Deal, but SPAC Says No

The Fast Acquisition special-purpose-acquisition company rejected Fertitta Entertainment's move, claiming the holding company didn't meet a documents deadline.

 
Byron Allen's $10 Billion Discrimination Suit Against McDonald's Is Dismissed

A federal judge has dismissed a $10 billion lawsuit brought by media executive Byron Allen's companies against McDonald's Corp. that accused the fast-food chain of racially discriminatory contracting and spending.

 
Grab Shares Tumble in Trading Debut After Blockbuster SPAC Deal

Shares of the Singapore ride-hailing and delivery company shares lost more than one-fifth of their value on their first day of trading in New York.

 
Limetree Bay Refinery's Lead Bankruptcy Bid Challenged by Liquidator

Backup bidders for the bankrupt Limetree Bay refinery in the U.S. Virgin Islands say dismantling it is better for the local population than the lead bidder's plan to restart operations.

 
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.

 
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.

(END) Dow Jones Newswires

December 02, 2021 15:15 ET (20:15 GMT)

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