BuzzFeed Shares Surge on First Trading Day Following Closure of SPAC Deal

Shares of the media company rose more than 40% Monday after merging with 890 5th Avenue Partners, a special-purpose acquisition company.

 
China's SenseTime Aims to Raise Up to $767 Million in IPO

Artificial-intelligence company SenseTime plans to raise as much as $767 million in a Hong Kong initial public offering this month.

 
Kohl's Urged to Consider Sale by Activist Investor

Activist Engine Capital sent a letter also pressing the department-store chain to consider a separation of its e-commerce business.

 
Jack in the Box to Buy Del Taco Restaurants

The deal valued at $455 million would tie up two West Coast fast-food chains with more than 2,800 restaurants spanning 25 states.

 
Lucid Is Subpoenaed by SEC

The electric-vehicle company said regulators are requesting certain documents in an investigation that appears to concern certain projections and statements.

 
China Evergrande's Managed Restructuring Is Under Way; Stocks Sink

The developer's bonds also fell to historic lows, after Chinese authorities stepped up their involvement in its affairs and the company moved closer to a reorganization of its hefty international debt.

 
Amazon Could Be a Late Holiday Bloomer

Amazon.com hasn't had the merriest of holiday seasons yet. But the e-commerce giant is in a better position than ever to help shoppers who didn't get on the ball early.

 
J&J Prepares to Untangle Finances Ahead of Planned Split

Johnson & Johnson is trying to figure out how to divide its supply chain and substantial financial holdings as part of a planned split into two publicly traded businesses.

 
Advertising Market Keeps Growing Much Faster Than Expected, Forecasters Say

The ad market is expanding much faster than forecasters predicted earlier this year, with GroupM reporting that total global advertising spend will reach $1 trillion in 2025.

 
Alibaba Reshuffles E-Commerce Teams Amid Competition, Slowing Growth

Alibaba said it would reorganize its e-commerce teams and appointed a new chief financial officer, as the tech giant faces increasing competition in China, slowing growth and a plummeting stock price.

(END) Dow Jones Newswires

December 06, 2021 11:00 ET (16:00 GMT)

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