News Highlights: Top Company News of the Day
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.
AT&T, Discovery in Talks to Combine Media Assets
The deal would continue consolidation in a media business
buffeted by cord-cutting and streaming.
Sanofi-GSK Covid-19 Vaccine Trial Passes Phase 2
Sanofi said that the coronavirus vaccine it is developing with
GlaxoSmithKline has achieved positive results in a Phase 2 trial,
and that a global pivotal Phase 3 study is expected to start in the
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
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.
J.Crew Is Naming Designer to Disrupt Brand
Brendon Babenzien, veteran of streetwear pioneer, is being hired
to push the limits of the preppy retailer's designs.
Indonesian Tech Startups Gojek, Tokopedia to Merge
Southeast Asian startups Gojek and Tokopedia plan to combine to
create a ride-hailing, delivery, payments and e-commerce giant in
one of the world's fastest-growing consumer markets.
At Home Group's Biggest Shareholder to Oppose Deal
CAS Investment Partners, which owns around 17% of the
home-furnishings chain shares, said it plans to vote against a
roughly $2.4 billion sale to private-equity firm Hellman &
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."
(END) Dow Jones Newswires
May 17, 2021 03:15 ET (07:15 GMT)
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