News Highlights: Top Company News of the Day
Ericsson to Pay Nokia $97.2 Million to Settle Damages Claim
Ericsson said it would pay Nokia $97.2 million to settle a
damages claim relating to previously announced allegations that it
violated the U.S. Foreign Corrupt Practices Act.
Volvo Cars to Explore Possible IPO
The Swedish auto maker, which is owned by China's Geely, has
discussed a potential listing for some time.
WeWork CEO Says Workers Who Want Back Into the Office Are the Most Engaged
Conversely, Sandeep Mathrani said Wednesday at The Wall Street
Journal's Future of Everything Festival, 'Those who are least
engaged are very comfortable working from home.'
SAP Discloses Investment by Chairman's Charity in Joint Venture
The German software company said the Hasso Plattner Foundation
had invested in a financial-services joint venture SAP had created,
and denied any wrongdoing in not disclosing the investment
Pershing Square Holds Nearly 6% of Domino's Pizza, Bill Ackman Says
The billionaire investor said he puts the restaurant chain in
the category of "super-durable growth companies," speaking at The
Wall Street Journal's Future of Everything Festival.
By Chloe Co-Founder Sues Investors Over Trademark
Celebrity chef Chloe Coscarelli is suing investors in the vegan
restaurant chain that bears her name for alleged trademark
infringement in the past.
Insurance Brokers Sell Assets to Win Approval for $35 Billion Merger
Aon and Willis Towers Watson agreed to sell a package of assets
to a smaller rival in an effort to win antitrust approval for their
tie-up to create the world's largest insurance broker.
Amazon Wins Appeal Over $300 Million EU Tax Bill
The European Union's second-highest court sided with Amazon over
a $300 million tax bill, dealing a new blow to the bloc's efforts
to wring more tax from big tech companies.
Hertz Shareholder Payout Set to Swell On Winning Bankruptcy Bid
Knighthead Capital Management and Certares Management emerged as
winners in a bidding war that drove up the rental car company's
Mexico Invalidates Union Vote at GM Plant
The Labor Ministry said it found enough irregularities to
invalidate the vote at GM's Silao assembly plant and ordered the
union to conduct another within 30 days.
(END) Dow Jones Newswires
May 12, 2021 15:15 ET (19:15 GMT)
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