News Highlights: Top Company News of the Day
August 09 2021 - 9:15AM
Dow Jones News
WeWork and Cushman & Wakefield Are Forming $150 Million Partnership
The alliance aims to help landlords and tenants navigate
returning to the office.
Alibaba Fires Manager Accused of Sexual Assault in China's Latest Workplace Harassment Case
An 11-page account of the allegation was shared widely on
Chinese social media and sparked a backlash against Alibaba's
handling of the case from employees and the broader public.
Jay Y. Lee, Samsung's De Facto Leader, Wins Parole From Prison
Samsung's de facto leader will be released from prison on parole
later this week, though it remains unclear how-or if-he can return
to work right away at South Korea's largest conglomerate.
Makeover at Victoria's Secret Is More Than Skin Deep
Victoria's Secret shares jumped on their debut as a stand-alone
company but remain cheap.
Delta Variant Clouds Back-to-School Shopping Plans
Retailers predict record spending even as parents navigate
concerns about rising Covid-19 cases and product shortages.
Rio Tinto Mismanagement Caused Copper Mine's Woes, Report Says
Experts rejected the company's narrative on delays and a $1.4
billion cost overrun at the Oyu Tolgoi mine in Mongolia.
Judge Sides With Norwegian Cruise Line in Suit Over Vaccination Proof in Florida
The cruise line had sought to invalidate Florida's rule that
bars businesses from requiring proof of Covid-19 vaccination from
their customers.
Jefferies Raises Junior Pay to Match Goldman Sachs
The bank's first-year analysts in the U.S. will now make
$110,000, up from $85,000. Bonuses, typically handed out in August,
are also expected to be high.
American National Group to Be Sold to Brookfield Reinsurance Arm
The deal values the insurer at $190 a share or about $5
billion.
Aramco Posts $25 Billion Profit
Saudi Aramco posted an almost fourfold increase in second
quarter profit, boosted by higher oil prices and a recovery in
global demand.
(END) Dow Jones Newswires
August 09, 2021 09:00 ET (13:00 GMT)
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