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 health investigators.

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 next year.

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 quarter.


(END) Dow Jones Newswires

September 22, 2021 07:15 ET (11:15 GMT)

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