News Highlights: Top Company News of the Day
Google to Buy New York City Office Building for $2.1 Billion
The purchase in Manhattan is the priciest in the U.S. since the
U.S. Bancorp to Buy MUFG Union Bank for About $8 Billion
The deal, in which U.S. Bancorp will buy MUFG Union Bank's core
regional banking franchise for about $8 billion in cash and stock,
would boost U.S. Bank's presence in California and other parts of
the West Coast.
Hines, Korean Pension Fund Bet Big on San Francisco Comeback
The two plan to redevelop the site of PG&E's office campus
in San Francisco.
J&J Says Covid-19 Vaccine Booster Two Months After First Shot Increases Protection
Johnson & Johnson said a booster dose of its Covid-19
vaccine administered two months after the first shot increased
protection against symptomatic illness in trial participants.
Uber Says First Adjusted Profit Possible This Quarter
The ride-hailing giant said it could reach a measure of
profitability in the current quarter, months earlier than
previously expected, in what would be Uber's first adjusted
earnings since its inception more than a decade ago.
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
Developer China Evergrande's 'Darkest Moment' Will Pass, Boss Tells Staff
The boss of beleaguered China Evergrande said he expects the
developer to emerge soon from what he called its "darkest moment"
and pledged to deliver the homes it has promised to buyers and
Credit Suisse's Archegos Disaster Exposes Cracks in Bank Regulation
When Archegos blew up, it saddled Credit Suisse with $5.5
billion in losses. One reason investors and regulators were
blindsided: a gap in the regulatory oversight of big international
Apple iPhone Features Would Detect Depression, Cognitive Decline
Apple is working on technology to help diagnose depression and
cognitive decline, aiming for tools that could expand the scope of
its burgeoning health portfolio.
Universal Music Shares Soar in Market Debut
Shares of the company behind stars including Taylor Swift, Drake
and the Beatles rose 38%, a strong vote of confidence from
investors in continued growth in the music industry.
(END) Dow Jones Newswires
September 21, 2021 09:15 ET (13:15 GMT)
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