News Highlights: Top Company News of the Day
General Mills Posts Higher Sales
The packaged-food company expects changes in consumer behavior
brought on by the Covid-19 pandemic to result in continued high
demand for cooking at home as customers have spent more time
working from home.
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.
Pfizer Study of Covid-19 Vaccine in Pregnant Women Delayed by Slow Enrollment
Changing guidelines and the possibility of being given a placebo
made the trial unappealing to some expectant mothers.
Ant to Share Consumer Credit Data With China's Government
Credit data generated by the fintech giant's consumer lending
service will be made available to the central bank's
credit-reporting system amid efforts to bring the company in line
with Chinese regulators' priorities.
Stitch Fix Relaxes Its Dress Code
As Stitch Fix works to attract a wider swath of customers, it
could risk losing those who valued its very specific point of
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.
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.
(END) Dow Jones Newswires
September 22, 2021 09:15 ET (13:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.