News Highlights: Top Company News of the Day
Pernod Ricard Upgrades Profit Guidance
Pernod Ricard has raised its guidance for organic growth in
profit from recurring operations for fiscal 2021 to around 16%,
from 10% previously, despite sales still being affected by some
South Korea's Answer to Robinhood and Venmo Lands $7 Billion Valuation
A South Korean company whose app lets users transfer money, take
out loans, trade stocks and check their credit scores has raised
funds at a valuation of more than $7 billion.
Zohar Funds Seek Answers on Defunct Company's $16 Million Cash Pile
The bankrupt Zohar investment funds are again at odds with their
creator, Lynn Tilton, over another of the companies to which they
lent money, this time clashing over the proceeds of the 2016
wind-down of former textile manufacturer Galey & Lord.
FDA Approved Alzheimer's Drug Despite Some Staff Concerns
Statisticians at the Food and Drug Administration said there
wasn't enough evidence to approve the drug from Biogen, and the
agency's decision to approve the drug has sparked criticism.
Quanergy to Go Public Through SPAC Deal
Quanergy Systems Inc., a provider of lidar sensors and 3-D
perception software, is going public through a combination with a
special-purpose acquisition company, a deal that would value the
combined business at $1.4 billion, the companies said.
Amazon's Planned Purchase of MGM Faces FTC Scrutiny
The antitrust review of the acquisition comes as Lina Khan, a
frequent critic of the online giant, takes the helm at the
McDonald's Loyalty Program Goes National
Customers will receive points on qualifying purchases that can
be traded for items under the program, which is set to launch
nationally on July 8.
Philip Morris International to Move Headquarters to Connecticut
The tobacco company plans to move 200 jobs to a not-yet-named
location in the southwestern part of the state from New York
Blackstone Bets $6 Billion on Buying and Renting Homes
The investment firm's deal for a company that buys and rents
single-family homes is the latest sign Wall Street believes the
U.S. housing market is going to stay hot.
Google Faces EU Antitrust Probe of Alleged Ad-Tech Abuses
The European Union opened a formal antitrust investigation into
allegations that Google abuses its leading role in the
advertising-technology sector, the most wide-ranging case yet to
look at that pillar of the tech giant's business.
(END) Dow Jones Newswires
June 23, 2021 03:15 ET (07:15 GMT)
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