News Highlights: Top Company News of the Day
Amazon Could Be Forced to Shed Assets Under Bill
The House bill could mandate structural separation of the
e-commerce giant and other big tech companies that Congress spent
15 months investigating as part of an inquiry into their size and
FDA Approves Export of Covid-19 Vaccine Doses from Troubled Plant
The agency said 10 million doses produced at the factory can be
exported, but that 60 million doses were at risk of contamination
and can't be used.
Boeing Offloads Unclaimed MAX Jets as Travel Recovers
The recovery in domestic air travel is helping the plane maker
find new homes for jets whose original buyers walked away or
collapsed during the pandemic.
BP Considers Spinning Off Iraq Operations
Oil giant weighs whether to move its interest in the giant
Rumaila oil field into a stand-alone company as it tries to pivot
toward lower-carbon energy.
McDonald's Hit by Data Breach
The hack exposed some U.S. business information and customer
data in South Korea and Taiwan, the company said.
Saudi Aramco Borrows Again to Fund Dividend Pledge
The return to the global debt markets demonstrated the oil
giant's need to raise cash despite high energy prices, as it issued
its inaugural dollar-denominated Islamic bond to meet a dividend
pledge and complete a costly acquisition.
Philip Morris Is Buying Back Stock, and More Reasons the Price Can Keep Climbing
The company plans a three-year buyback program of $5 to $7
billion. Piper Sandler analyst Michael Lavery reiterated an
Overweight rating on the stock.
PG&E Warns of More Blackouts During California's Wildfire Season
The state's largest utility said a new shut-off criteria and
California's dry weather conditions could lead to more power cuts
than in 2020, especially if seasonal winds are as strong as they
have been in recent years.
China's Latest Blockbuster Tech IPO Could Be a Bumpy Ride
The initial public offering of Chinese ride-hailing giant Didi
Chuxing is shaping up to be one of the world's largest this
Microsoft Has Right Pieces for Game Streaming
Cloud-computing prowess and the Xbox business give the software
company an edge over its rivals.
(END) Dow Jones Newswires
June 11, 2021 13:15 ET (17:15 GMT)
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