News Highlights: Top Company News of the Day
Gates Left Board Amid Probe Into Prior Relationship With Staffer
Some Microsoft directors began an investigation in 2019 into a
woman's allegations of a prior sexual relationship with Bill Gates;
Mr. Gates's spokeswoman says his decision to leave the board in
2020 wasn't related to the matter.
JD Logistics Launches Up to $3.4 Billion Hong Kong IPO
The logistics arm of JD.com is looking to raise as much as $3.4
billion through an initial public offering, in the latest Hong Kong
listing linked to China's booming e-commerce market.
Crown Resorts Rejects Blackstone Takeover Offer
Australian casino operator Crown Resorts Ltd. rejected a
takeover offer from U.S. private-equity firm Blackstone Group Inc.,
saying the proposal undervalued the company and presented too much
At Home Group's Biggest Shareholder to Oppose Deal
The home-goods seller had agreed to be bought by Hellman &
Friedman for $36 a share.
AT&T, Discovery in Talks to Combine Media Assets
The deal would continue consolidation in a media business
buffeted by cord-cutting and streaming.
Bright Machines Nears SPAC Deal to Go Public
The creator of a platform that uses artificial intelligence and
robotics to automate tasks in electronics manufacturing, Bright
Machines is close to a deal with SCVX.
Author Accuses Apple of Defamatory Statements
The prominent advertising-technology engineer let go by Apple
amid an uproar over sexist passages in his memoir fired back,
calling the company's statements around his dismissal "defamatory
and categorically false."
Walmart, Costco to Stop Requiring Masks for Vaccinated Workers and Shoppers
Companies including Walmart and Costco began to rethink their
requirements for face masks after federal health regulators relaxed
their guidelines this week.
Les Moonves to Forgo $120 Million in Settlement With ViacomCBS
The former CBS chief was denied a severance package following
his resignation in 2018 and had challenged the decision.
7-Eleven Completes Convenience Store Acquisition Amid FTC Disarray
U.S. antitrust enforcers signal disagreement on how to address
deal for Marathon Petroleum's Speedway chain.
(END) Dow Jones Newswires
May 16, 2021 23:15 ET (03:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.