News Highlights: Top Company News of the Day
December 06 2021 - 5:30PM
Dow Jones News
Saudi Aramco Sells Stake in Natural-Gas Pipeline Business
The move is the state-owned oil giant's latest effort to pull
cash out of its vast energy infrastructure.
VW CEO Likely to Survive Latest Clash With Labor
Herbert Diess could be stripped of some duties as tensions mount
over shift to electric vehicles.
NYSE President Stacey Cunningham to Step Down
Lynn Martin, an executive at NYSE parent Intercontinental
Exchange, has been appointed the next president of the exchange,
succeeding Stacey Cunningham, who will step down at the end of the
year.
Toyota to Build Electric-Vehicle Battery Plant in North Carolina
The auto maker is planning a $1.25 billion investment in rural
Randolph County that would create 1,750 jobs.
Trump Social-Media SPAC Deal Being Investigated by SEC
The Securities and Exchange Commission is probing two of the
most notable SPAC deals struck this year, including the former
president's, a sign that regulators are ratcheting up scrutiny of
such deals.
BuzzFeed Shares Swing Sharply on First Trading Day Following SPAC Deal Close
Shares of the media company jumped more than 40% at its highs
before giving up all the gains and falling more than 10% on
Monday.
China's SenseTime Launches IPO Amid Tech-Stock Rout
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.
(END) Dow Jones Newswires
December 06, 2021 17:15 ET (22:15 GMT)
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