Major Evergrande Shareholder Looks to Exit Company 

One of China Evergrande Group's largest shareholders has pared its stake in the debt-laden conglomerate and said it could exit the company amid concerns about the developer's financial condition.

Facebook's Chief Technology Officer to Step Down 

Mike Schroepfer, after 13 years at the company and serving as one of its top executives, is leaving the post to transition to a part-time role.

California Governor Signs Bill Targeting Amazon Warehouse Quotas 

A new California law will require Amazon and other companies to disclose any quotas or workplace-productivity measures it applies to workers in the state.

Blackstone's Service King Conserves Cash to Weather Traffic Slowdown 

Blackstone's Service King has begun to skip cash interest payments and tapped a line of credit as it faces the continued effects of higher costs and a decline in U.S. driving during the Covid-19 pandemic

Boeing Projects China Would Need 8,700 New Airplanes by 2040 

Boeing Co. has raised its 20-year forecast for the Chinese airline market, projecting that the country would need 8,700 new airplanes valued at $1.47 trillion by 2040, to meet rising air-travel demand.

Renewable-Energy Companies Rise as China Vows to Cut Coal Investment 

Shares of Chinese energy companies with growing renewable-energy operations rallied Thursday after President Xi Jinping said Beijing would stop building coal-fired power plants overseas as part of efforts to cut carbon emissions.

FDA Clears Covid-19 Booster Shots From Pfizer for High-Risk People 

The third dose of the vaccine was authorized for people who are 65 years or older or at high risk of severe Covid-19, including from their jobs.

Elizabeth Holmes Trial: Jim Mattis Tells Jury He Came to Doubt Theranos Technology 

The former defense secretary said he invested $85,000 in the company and pressed the military to adopt its blood-testing devices.

BlackBerry 2Q Results Beat Wall Street Projections 

BlackBerry Ltd.'s stock rose nearly 10% to $10.48 in extended trading, following better-than-expected second-quarter results.

Toast, Freshworks Make Strong Market Debuts 

The companies are among more than a dozen expected to raise more than $5 billion through IPOs this week.


(END) Dow Jones Newswires

September 23, 2021 03:15 ET (07:15 GMT)

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