China Evergrande Onshore Unit Will Pay Bond Interest on Time 

An onshore unit of China Evergrande said it would make an interest payment on time this week, as investors wait to see if the debt-ridden conglomerate makes a separate payment due on dollar bonds that it is expected to miss.

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.

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 quarter.

Traton Warns of Sales Hit from Chip Squeeze 

Traton warned that vehicle sales in the current quarter will be significantly lower than planned due to shortages of semiconductors and other parts, and expects the supply problems will continue into next year.

Entain Mulls Improved Bid From DraftKings 

Entain said it's considering a new, improved GBP16.4 billion takeover bid from DraftKings after rejecting an earlier offer from the U.S. company.

Iliad Expands in Poland with UPC Buy 

Iliad plans to expand further into the Polish telecom market with the purchase of cable operator UPC Poland from Liberty Global for an enterprise value of $1.8 billion.

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.

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.

Zee Entertainment Board Agrees to Merger With Sony India 

Zee Entertainment Enterprises' board has approved its merger with the Indian unit of Sony Group Corp., a move aimed at improving profitability and growth in South Asia.

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 bankruptcy.


(END) Dow Jones Newswires

September 22, 2021 03:15 ET (07:15 GMT)

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