News Highlights: Top Company News of the Day
JPMorgan Buys Nutmeg to Bolster Digital Banking Push in U.K.
The U.S. lender is entering a crowded digital banking
marketplace in the U.K., having agreed to purchase digital wealth
TikTok Owner ByteDance's Annual Revenue Jumps to $34.3 Billion
ByteDance's gross profit rose 93% to $19 billion last year,
according to a memo to staff.
Lordstown Clarifies That Vehicle Purchase Agreements Aren't Binding Orders
The disclosure comes days after the electric-truck startup's
president said the company had 'pretty binding' preorders and
enough interest from potential buyers to sustain factory output
through the end of 2022.
Danaher to Buy Aldevron From EQT for About $9.6 Billion in Cash
Stockholm-based EQT in 2019 acquired a majority stake in
Aldevron from fellow private-equity firm TA Associates, which
retained a minority interest
China Steps Up Antitrust Pressure on Internet Firms
Government agents have made on-site inspections, during which
they questioned company executives, downloaded financial records
and collected internal communications.
Airbnb, Vrbo Battle for More Vacation Cabins as Travel Rebounds
With demand for vacation-home rentals near beaches, lakes and
national parks staying high as the economy reopens, short-term
rental platforms are finding ways to sign up more hosts and
Ending the Cycle of Scandal at Toshiba
Toshiba shareholders finally have a chance to clear out the
ailing Japanese company's board following explosive revelations of
CureVac Value Halves in Reminder of Vaccine Research Risks
Plunge in share price comes after company released disappointing
interim trial results for its Covid-19 vaccine.
Cambridge Mobile Buys Rival as Telematics Helps Set Car-Insurance Payments
The deal with TrueMotion aims to create improvements to existing
services sold to auto insurers as well as new products.
Grocery Delivery Idea Looks Far From Fresh
In the hypercompetitive grocery space, Boxed Inc.'s success
seems highly dependent on its technology.
(END) Dow Jones Newswires
June 17, 2021 13:15 ET (17:15 GMT)
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