News Highlights: Top Company News of the Day
Rio Tinto Makes Its Interim Finance Chief Permanent
Mining company Rio Tinto named Peter Cunningham as chief
financial officer, making permanent a role the company veteran has
held on an interim basis since Jan 1.
Kroger's Cart Overfloweth
The supermarket giant had a strong quarter and still has room to
improve as normalcy returns.
Top Bankruptcy Firm Kirkland Losing Lawyers as Economy Improves
Kirkland & Ellis LLP and several attorneys from the law
firm's dominant bankruptcy practice have parted ways amid a
dramatic slowdown in corporate defaults and chapter 11 filings,
according to people familiar with the matter.
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
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.
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 Says 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.
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
(END) Dow Jones Newswires
June 17, 2021 17:00 ET (21:00 GMT)
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