News Highlights: Top Company News of the Day
Amazon, Google Probed in U.K. Over Fake Reviews
The U.K.'s antitrust regulator launched an investigation into
whether Amazon.com and Google are doing enough to crack down on
fake reviews, adding a new layer to the regulatory scrutiny of U.S.
Credit Suisse's SPAC Bonanza Dries Up
In a year of twin crises related to the collapse of clients
Archegos and Greensill, Credit Suisse had a booming blank-check
business to fall back on. That has now slowed dramatically.
Toshiba Shareholders Oust Chairman
The ousting of Osamu Nagayama, a longtime pillar of Japan's
corporate world, followed an uproar over collaboration between the
firm's management and the government to stifle foreign
Nike Gets Along Fine Without China, for Now
Soaring North America sales are more than making up for a
social-media backlash against Nike in China, but that won't be the
Panasonic Confirms It Has Sold Entire Stake in Tesla
Panasonic Corp. has sold its entire stake in Tesla Inc., a major
electric-vehicle battery client, for about $3.61 billion.The
Japanese company completed the share sale during the year ended
Renault, STMicroelectronics Join Forces on Chip Supplies
Renault and STMicroelectronics are working together to secure
supplies of key semiconductor components for the French car maker's
electric and hybrid vehicles, as a shortage of components continues
to squeeze the auto industry.
Adidas Boosted by Nike's Upbeat Sales
Shares in Adidas rose more than 5% after Nike posted record
sales fueled by solid U.S. consumer demand for sportswear--an
indicative sign of the sector's bright prospects.
Roche Drug Gets FDA Emergency-Use Clearance
Roche has received an emergency-use authorization from the FDA
for its Actemra/RoActemra drug to treat hospitalized patients with
Didi Sets Valuation Target of $62 Billion to $67 Billion in IPO
The Chinese ride-hailing company is looking to raise $3.9
billion at the midpoint of its price range.
Air Force One Supplier GDC Heads Off Liquidation Threat From Creditors
Boeing, which had been embroiled in litigation with GDC
Technics, objected to its cash financing, but was overruled in a
bankruptcy court hearing.
(END) Dow Jones Newswires
June 25, 2021 07:15 ET (11:15 GMT)
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