News Highlights: Top Company News of the Day
Disney+ Subscriber Growth Slows Down
Shares in Disney fell 4.2% after CEO Bob Chapek said the
company's streaming service faced headwinds in the current
Fedex Lowers Outlook, Citing Labor Costs
The delivery giant said it spent an additional $450 million tied
to problems attracting workers in its latest quarter, contributing
to an 11% drop in profit.
J&J Overcomes Another Bid to Block Possible Talc Bankruptcy
A New Jersey judge refused to prevent Johnson & Johnson from
separating injury liabilities linked to its talcum-based baby
powder from the rest of its business, the second time ovarian
cancer claimants have failed to stop J&J from potentially
placing thousands of talc-related claims in chapter 11
Zoom's Nearly $15 Billion Deal for Five9 Under U.S. Government Review Over China Ties
The Justice Department-led Team Telecom is looking into whether
Zoom's China ties could make its acquisition of the software
company a national-security risk.
Facebook Oversight Board Launches Review of Company's XCheck System
The company's oversight board is examining Facebook's practice
of holding high-profile users to separate sets of rules, citing
apparent inconsistencies in decision-making. The inquiry follows an
investigation by The Wall Street Journal into the system, known
internally as "XCheck."
ConocoPhillips Bets Big on American Oil Production With $9.5 Billion Deal
The company's purchase of Permian Basin assets from Shell means
it will overtake all but Exxon in oil and gas output in the
DraftKings Makes Bid for Gambling Company Entain
The cash-and-stock offer, valued at more than $20 billion, comes
after the British gambling company rebuffed a takeover proposal
from MGM Resorts International earlier this year.
McDonald's Plans to Make Happy Meal Toys More Sustainable
The fast-food chain is shifting some of its toys to plant-based
materials, and the new toys will begin appearing in the U.S. in
Justice Department Files Antitrust Suit Challenging American-JetBlue Alliance
The lawsuit alleges that the carriers' partnership threatens
competition, while the companies say they are giving consumers
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.
(END) Dow Jones Newswires
September 21, 2021 17:15 ET (21:15 GMT)
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