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 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 Probed by U.S. Government 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
The Elizabeth Holmes Trial: Jurors Hear First Patient Testimony About Theranos Blood Tests
An Arizona medical assistant described the impact she felt after
receiving pregnancy-test results that she said were inaccurate.
Imperial Capital-Backed Eye-Care Company Weighs Sale
Keplr Vision, which provides operational support to optometry
practices across the U.S., has been working with investment bank
Houlihan Lokey Inc to explore options including a sale, according
to people familiar with the matter.
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
(END) Dow Jones Newswires
September 21, 2021 21:15 ET (01:15 GMT)
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