Amazon Fined $1.3 Billion in Italian Antitrust Case

Italy's antitrust regulator said Amazon harmed competitors by favoring third-party sellers that use its logistics services. The company faces a similar probe by the EU.

 
Robinhood Fizzles After Splashy Public Offering

Shares of the brokerage that created a frenzy for individual investors are struggling to advance, which is surprising for a company that seemed destined to join the ranks of highflying stocks.

 
Italy's UniCredit Unveils New Strategy as Restructuring Ends

The lender said it plans to expand by hiring staff and investing in digitization as part of a three-year strategic plan that includes share buybacks and bigger dividends.

 
Rent the Runway's Opening Look Underwhelms

Fashion-rental company stumbles in its first quarterly report as a public entity.

 
Chinese Developer Kaisa Defaults, Fitch Says, as Industry's Debt Challenges Mount

Fitch downgraded Kaisa's credit rating to "restricted default"-the same grade given to Evergrande-a level assigned to borrowers who default on debt payments but haven't yet made a bankruptcy filing.

 
Uber Workers Would Be Classed as Employees Under EU Proposal

Companies in what is known as the gig economy could be forced to give more benefits to their drivers and delivery personnel under a European Union proposal that would reclassify many of their jobs as employment.

 
Senators Want Social-Media Apps to Share Research

A bipartisan group of U.S. senators plans to introduce legislation that would require Meta Platforms and other social-media companies to provide outside researchers with data access.

 
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.

 
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.

(END) Dow Jones Newswires

December 09, 2021 07:15 ET (12:15 GMT)

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