News Highlights: Top Company News of the Day
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
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
(END) Dow Jones Newswires
May 12, 2021 01:15 ET (05:15 GMT)
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