News Highlights: Top Company News of the Day
Allianz Asset Management Head in Talks to Depart
Jacqueline Hunt is in talks to leave the company as it navigates
a Justice Department probe into a group of investment funds that
suffered steep losses last year.
Pfizer, BioNTech Say Vaccine Is Safe for Young Children
The companies said the Covid-19 vaccine generated levels of
antibodies that were similar to those of younger adults, meeting
the study's measurements of success.
CVS Makes Hiring Push Amid Worker Shortage, Demand for Vaccines
The largest U.S. pharmacy chain by stores said it plans to add
25,000 employees this week in a single-day hiring spree to prepare
for a potential surge in demand for Covid-19 booster shots.
Rising Energy Stocks Defy Market's September Slide
Shares of oil-and-gas companies are leading the S&P 500's 11
sectors so far this month, rising nearly 2%. The broad U.S.
stock-market index, meanwhile, has fallen 2%, stung by losses
across nearly all of the other segments.
Workers End Strike at Mondelez International
Workers at Mondelez International have ended a weekslong strike
as union members overwhelmingly accepted a new four-year
Oil Companies to Be Sidelined at U.N.'s Climate Conference
While retailers, tech companies and consumer products makers
have been named as "principal partners" for COP26 in Glasgow, oil
majors like BP and Shell will have a lower profile.
Europe's OVHcloud Plans IPO at Potential $4.7 Billion Valuation
Possible offering comes amid surging demand for web hosting and
other cloud services after the pandemic pushed businesses and
consumers to accelerate the adoption of digital communication to
Chinese Property Sector Selloff Continues on Evergrande Worries
Shares of Chinese property developers continued to slide Monday
as worries mounted that China Evergrande Group is moving closer to
a default, signaling the potential for a wider contagion in the
Shell to Start Making Lower-Carbon Jet Fuel as Regulations Loom
The Anglo-Dutch energy giant is the first big oil company to
disclose production and sales targets for sustainable aviation fuel
as demand ramps up.
Investment Firms Tiedemann and Alvarium Near Deal to Merge, Go Public Via SPAC
The combined investment firm would be called Alvarium Tiedemann
Holdings and be valued at roughly $1.4 billion in the deal with the
SPAC Cartesian Growth Corp., people familiar with the matter
(END) Dow Jones Newswires
September 20, 2021 09:15 ET (13:15 GMT)
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