News Highlights: Top Company News of the Day
Lordstown Motors Chief Executive, Finance Chief Resign
The electric-truck startup said CEO Steve Burns and CFO Julio
Rodriguez have stepped down after a special committee found that
some disclosures the company made about truck preorders were
Grocery Courier Boxed to Go Public in SPAC Deal
Boxed and Seven Oaks said the deal would value the combined
company at nearly $900 million and provide money to serve more
households and businesses that started ordering groceries online
during the pandemic.
Shell Considering Sale of Texas Shale: Report
A disposal would help shrink the oil giant's net debt, which
stood at $71 billion in March.
Novavax Covid-19 Vaccine Is 90% Effective in Key Study
An experimental vaccine from Novavax was effective at preventing
symptomatic disease in adults in a large clinical trial, results
that move the shot a step closer to global use.
European Privacy Ruling Could Mean More Scrutiny of Companies
Europe's top court is set to rule on whether national regulators
can reach across borders.
Bitcoin on the Balance Sheet Is an Accounting Headache for Tesla, Others
Tesla and other companies that hold the notoriously volatile
cryptocurrency often must record impairment charges when its value
Investors Crave More of Payments Company Stripe
Shopify, Sequoia Capital and others bought about $1 billion of
shares in fintech Stripe in a recent tender offer.
Nike Super Spikes Are So Fast, Rivals Are Wearing Them
Its track shoes are helping set records, spawning similar models
and prompting other brands to let their own runners wear the swoosh
in the U.S. Olympic trials or risk lagging behind.
Toshiba to Appoint New Directors to Reform Corporate Governance
Toshiba Corp. Board Chairman Osamu Nagayama said Monday that the
company will look for new directors after a probe found it worked
with the Japanese government against foreign shareholders.
Torrens Group Plans to Raise Over $900 Million in Australia IPO
Torrens Group plans to raise $905.3 million in gross proceeds
through an initial public offering in Australia, as the company
seeks to tap new investors.
(END) Dow Jones Newswires
June 14, 2021 11:15 ET (15:15 GMT)
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