News Highlights: Top Company News of the Day
Amazon, Others Race to Buy Up Renewable Energy
The race to secure electricity deals for power-hungry data
centers has tech companies reshaping the renewable-energy market
and grappling with a new challenge: how to ensure their investments
actually reduce emissions.
Chinese EV Maker XPeng Plans to List in Hong Kong
The rival to NIO is targeting a July debut and aims to raise up
to $2 billion, a person familiar with the situation said.
Apple's Fight for Control Over Apps Moves to Congress and EU
The company is stepping up its fight to maintain tight controls
over which apps can be installed onto customers' iPhones, as
political pressure grows in Washington, D.C. and Brussels to upend
SoftBank Latin America Fund Leads $28 Million Atom Finance Funding Round
The deal, a bet on the retail investing boom, values the startup
around $150 million.
Uber, Lyft Drivers Race to Apps That Make Contract Work a Better Gig
Gig workers are adopting apps to track pay, monitor events and
dispute complaints amid a patchwork of regulatory efforts.
Vizio Looks to Boost Software Business With IPO Cash
Vizio Holding is ramping up investment in its software business
amid growing consumer demand for streaming content
Jack Ma's Ant in Talks to Share Data Trove With State Firms
Ant Group is in talks with Chinese state-owned enterprises to
create a credit-scoring company that will put the fintech giant's
proprietary consumer data under regulators' purview.
Blue Owl, Newest Private-Equity Creation, Sees Wisdom in Simplicity
The company gets all of its earnings from management fees,
avoiding the less predictable performance-related income to which
public investors typically assign a lower value.
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
Berkeley Profits Climb, Plans Additional Return
House builder Berkeley posted higher profits of GBP518 million
for fiscal 2021, proposed an additional return of GBP228 million
this year and reiterated its six-year profit target.
(END) Dow Jones Newswires
June 23, 2021 09:15 ET (13:15 GMT)
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