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.

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.

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.

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 testimony in the U.K. Parliament on Tuesday.

Washington Post Names Sally Buzbee Executive Editor 

An Associated Press leader with deep experience in international coverage, Ms. Buzbee will succeed Martin Baron and is the paper's first executive editor to be chosen since Jeff Bezos bought the Post in 2013.

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.

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.

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.

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 the platform.


(END) Dow Jones Newswires

May 12, 2021 01:15 ET (05:15 GMT)

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