Italy's UniCredit to Unveil New Strategy as Restructuring Ends

Chief Executive Andrea Orcel is set to move away from an era of restructuring at the bank and tell shareholders how he plans to expand the business and reward them more as part of a new strategic plan.

 
Italy Fines Amazon for Alleged Abuse of Market Dominance

The Italian competition authority has imposed a fine of more than $1.2 billion on Amazon.com, saying the retailer has an "absolute dominance" in the market and that it has damaged its competitors in e-commerce logistics.

 
Mambu Valued at $5.3 Billion in Investment Led by Private-Equity Firm EQT

The banking-software company looks to take advantage of a growing preference among businesses and consumers for digital-banking services.

 
SoundCloud to Expand Free Services to Attract New Artists

The music-streaming company expects to generate a net profit by 2023, its CFO said.

 
FDA Authorizes AstraZeneca Covid-19 Antibody as Novel Tool to Prevent Symptomatic Disease

A drug combination called Evusheld is aimed at a minority of people for whom vaccines are less effective.

 
Rolls-Royce Bullish on Cash Flow, Outlook

Rolls-Royce said it expects 2021 free cash outflow to be better than the GBP2 billion previously guided and remained upbeat about its recovery, despite continued "external uncertainties."

 
Chinese Power Generator Stocks Gain as Coal Prices Taper

Shares of Chinese electricity generators rose Thursday, with investors expecting better profits as thermal coal prices stabilize well off their recent highs.

 
GameStop Earnings Report: Loss Widened Last Quarter

The videogame retailer posted a $105 million loss and revenue growth as it works to revitalize its business with an overhauled executive team and board of directors.

 
Roku Shares Rise on Deal That Restores YouTube TV App

The streaming-device maker had removed the YouTube TV app from its channel store in April as part of a dispute over how search results were displayed on Roku's platform.

 
Allergan Reaches $200 Million Opioid Settlement With New York Authorities

The agreement settles claims that AbbVie unit helped create a public nuisance by allowing opioids to flood the region, according to the company and the state attorney general's office.

(END) Dow Jones Newswires

December 09, 2021 05:15 ET (10:15 GMT)

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