News Highlights: Top Company News of the Day
Comcast's CEO Built a Cable Giant. Can He Build a Streaming Giant?
Brian Roberts is out to prove that having content and
distribution under one roof can turn his cable colossus into a
major streaming contender. He is also wrestling with whether to
build or buy to reach that goal.
Bill Ackman Makes His Case for Music
The hedge-fund billionaire is bullish on streaming,
profitability and industry growth ahead of his investment in
Universal Music Group.
Warren Buffett to Quit as Gates Foundation Trustee
The charity is looking to strengthen its governance, and the
Berkshire Hathaway CEO says he has been 'inactive' at the
foundation for years.
Morgan Stanley Requires Employees to Get Vaccinated Before Going to the Office
Starting July 12, the bank's employees will be required to
confirm that they have been vaccinated before entering Morgan
Stanley buildings in New York City and Westchester County.
Glaxo Talks Up Growth Prospects as Activist Investor Elliott Looms
The pharmaceutical giant provided further details of the
long-planned separation of its consumer-healthcare business, as it
seeks to ward off a potential clash with hedge fund Elliott
Southwest Airlines CEO to Step Down in February
Gary Kelly, who has served as chief executive since 2004, will
be succeeded by company veteran Bob Jordan, as the carrier plots
its path out of the pandemic.
Store Brands Could Make a Name for Themselves This Year
After a boost from the 2008 recession, private-label food has
seen stagnating market share. This year could change that.
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
(END) Dow Jones Newswires
June 23, 2021 15:15 ET (19:15 GMT)
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