News Highlights: Top Company News of the Day
December 06 2021 - 11:30AM
Dow Jones News
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 11:15 ET (16:15 GMT)
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