News Highlights: Top Company News of the Day
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
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
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
(END) Dow Jones Newswires
September 22, 2021 03:15 ET (07:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.