News Highlights: Top Company News of the Day
Shopping Online Is Getting More Expensive
FedEx will raise shipping rates at the fastest pace in nearly a
decade, adding to pressure on retailers to pass costs to
Shell to Sell Permian Assets to ConocoPhillips for $9.5 Billion
The sale is one of the biggest recent transactions in the shale
patch as large oil companies come under increasing pressure to
diversify beyond fossil fuels.
APA Rivals Brookfield Bid for AusNet
APA Group set a deadline of one week for AusNet Services Ltd. to
allow due diligence access after saying it is willing to trump an
existing takeover proposal made by Brookfield Asset Management.
Honeywell at Odds With Asbestos Trust Over Bankruptcy Deal
Honeywell International is locked in a standoff over asbestos
payments with a bankruptcy trust that has accused the industrial
conglomerate of "bullying and extortionate tactics" to settle
injury liabilities for less than full value.
SEC Is Investigating Activision Blizzard Over Workplace Practices, Disclosures
Federal regulators have launched an investigation into
Activision Blizzard, including how the videogame company handled
employees' allegations of sexual misconduct and workplace
GM to Replace Batteries in Recalled Chevy Bolts
Dealerships are scheduled in mid-October to begin fixing
Chevrolet Bolts that were recalled for fire risk, although many
owners of the electric car likely will have to wait months.
Twitter to Pay $809.5 Million to Settle Securities Suit
The consolidated class-action securities lawsuit alleged the
social-media company deliberately misled investors about user
engagement in 2015.
Fidelity Taps Joanna Rotenberg to Head $4 Trillion Personal-Investing Business
The appointment of Ms. Rotenberg, who was at Canada's BMO
Financial Group, comes amid wave of stock trading by individual
AstraZeneca Breast Cancer Drug Found to Reduce Risk of Dying
The drug maker said Enhertu significantly reduced the risk of
death or disease progression in women with advanced disease in a
large clinical trial, the latest sign that its push into oncology
is starting to pay off.
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.
(END) Dow Jones Newswires
September 20, 2021 21:15 ET (01:15 GMT)
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