News Highlights: Top Company News of the Day
L Brands to Spin Off Victoria's Secret
The retailer is spinning off the lingerie chain to its existing
shareholders, a coda in the company's review process for the brand
after longtime leader Leslie Wexner stepped aside as CEO last
China Threatens Move Against Ericsson Amid Huawei Ban
Beijing is giving Sweden one last chance to reverse its ban on
telecommunications-equipment giant Huawei before it could retaliate
against rival Ericsson.
Greensill Capital Is Target of U.K. Government Probe
The U.K.'s top financial regulator said it is investigating the
failed financial firm, citing allegations of what it called
"potentially criminal" matters. the company's founder Lex Greensill
is due to give a testimony in the U.K. parliament on Tuesday.
Nissan Motor Posts Narrower Net Loss in Fourth Quarter
Nissan Motor said that it posted a narrower net loss in its
fourth quarter, as its sales improved in many parts of the
Amazon to Raise $1 Billion via Its First Sustainability Bond
Amazon.com has issued its first sustainability bond, aiming to
raise $1 billion to support environmental and social projects as
investors clamor for more sustainability bonds to "green up" their
First Covid-19 Vaccine Cleared for U.S. Adolescents
U.S. health regulators' decision to approve Pfizer-BioNTech's
shot for use in children ages 12 to 15 paves the way for
immunizations before summer camps and the start of the next school
Quantum Energy Begins Drive for New $4.5 Billion Pool
Quantum Energy Partners has started raising $4.5 billion for its
eighth energy-focused flagship strategy, betting that rising oil
prices will help it win over investors after putting the campaign
on hold last year, said people familiar with the matter.
Novavax Covid-19 Vaccine Faces Delay
A shortage of raw materials will push back several regulatory
and manufacturing targets for the vaccine, which is in the final
stage of testing.
NTSB Raises Doubts Fatal Tesla Crash Involved Autopilot
Federal safety officials say video showed Model S owner entering
the driver's seat before trip began.
Unions Say Mexican Auto-Parts Maker Is Violating Trade Deal
The complaint would be the first case that seeks to use a new
labor-dispute provision of the USMCA trade agreement signed into
law last year by former President Donald Trump with bipartisan
(END) Dow Jones Newswires
May 11, 2021 11:15 ET (15:15 GMT)
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