News Highlights: Top Company News of the Day
Invesco Teams Up in Push to Create Crypto ETFs
The asset manager is making plans to roll out a lineup of funds
backed by bitcoin and other cryptocurrencies.
Most of $9.2 Billion in Questionable Medicare Payments Went to 20 Insurers, Federal Investigators Say
Medicare insurers drew $9.2 billion in federal payments in one
year through controversial billing practices, with 20 insurers
combining for more than half of the total, according to federal
China Evergrande's Flagship Business Resolves an Onshore Bond Payment
Investors are waiting to see if the giant developer pays a
coupon due Thursday on its U.S. dollar bonds.
Ida Storm Damage Expected to Cost Insurers at Least $31 Billion
Auto, home and business insurers will reflect their share of
costs in third-quarter earnings.
Netflix to Buy Roald Dahl Catalog
The deal adds source material with proven cross-generational,
mass appeal to the Netflix stable, with over 300 million of the
author's books sold globally.
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
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.
DraftKings Makes Bid for Gambling Company Entain
The cash-and-stock offer, valued at almost $22.4 billion, comes
after the British gambling company rebuffed a takeover proposal
from MGM Resorts International earlier this year.
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
(END) Dow Jones Newswires
September 22, 2021 07:15 ET (11:15 GMT)
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