News Highlights: Top Company News of the Day
Michigan Threatens Enbridge's Profits in Great Lakes Pipeline Dispute
Gov. Gretchen Whitmer and Daniel Eichinger, director of
Michigan's natural resources department, remind the company in a
letter that the state revoked a permit that allowed the Line 5
pipeline to run along the bottom of the Straits of Mackinac.
Mortgage Lender Better to Go Public in SPAC Deal
The digital startup would merge with Aurora Acquisition and
raise nearly $800 million in new capital.
Google Plans to Double AI Ethics Research Staff
Vice President of Engineering Marian Croak also said CEO Sundar
Pichai has committed to boost the budget of a team tasked with
evaluating code and product to avert harm, discrimination and other
problems with AI.
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.
Boeing Says 737 MAX Supplier Tect Driven to Bankruptcy by Owners
Boeing said that in return for providing roughly $60 million in
bankruptcy financing, it deserves a stake in possible commercial
tort claims against Tect's directors and officers for potentially
breaching their fiduciary duties to the company, which filed for
chapter 11 protection last month.
Cathie Wood's ARK Wasn't Built for a Flood
ARK Invest hasn't done as well for investors as charts suggest,
and it has done so through some concentrated bets.
Bumble's Head of Product Design to Join Twitter
Lara Mendonça, known for designing with inclusion and safety in
mind, will work to encourage meaningful and healthy interactions on
Occidental Petroleum Climbing Out of Its Anadarko Hole
Occidental's first-quarter results show long-term investors hope
for returns-even if that is sometime in the distant future.
Elliott to Buy Bankrupt Stationery Retailer Paper Source
The hedge fund's bid for the stationary retailer surpassed an
earlier offer from an Apollo affiliate.
Uber, Lyft to Provide Free Rides to Covid-19 Vaccine Sites Until July 4
Ride-sharing companies Uber and Lyft will make all rides to and
from vaccination sites free until July 4 under a new White House
transportation partnership that is part of an effort to encourage
more Americans to get the Covid-19 vaccine.
(END) Dow Jones Newswires
May 11, 2021 21:15 ET (01:15 GMT)
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