News Highlights: Top Company News of the Day
Justice Department Reaches Deal With Huawei Executive
The agreement will require Meng Wanzhou to admit to some
wrongdoing in exchange for prosecutors deferring and later dropping
wire and bank fraud charges.
Ad Giant WPP to Pay $19 Million to Resolve SEC Investigation
International advertising giant WPP is set to pay $19 million to
settle a Securities and Exchange Commission probe into whether its
rapid overseas expansion involved violations of the Foreign Corrupt
EQT Faces Probe Over Disclosure of Share Sale
The private-equity giant is under investigation by Sweden's
regulator for potential market abuse over the timing of its
disclosure that it allowed its partners to sell about $2.7 billion
worth of company stock a year ahead of schedule.
HNA Group Chairman Chen Feng, CEO Adam Tan Detained by Police
The embattled Chinese conglomerate said the pair are suspected
of committing crimes and have been detained, but its operations
haven't been affected.
Starbucks Faces Rare Union Challenge in Upstate New York
The coffee company is pushing back against an employee
unionization drive as workers at some Buffalo stores attempt to
become the first Starbucks-owned cafes in the U.S. to organize.
China's Online Game Companies Fall in Line With Restrictions on Entertainment
Tencent, NetEase and others have vowed to self-regulate and
combat user addiction amid a government effort to restrict negative
influences from entertainment on China's youth.
Apple Faces Off With Europe Regulators Over Phone Chargers
The EU proposed a bloc-wide common charging standard for
smartphones and other electronic devices, a move that, if adopted,
would effectively bar the use of Apple's unique "Lightning"
CNN's Chris Cuomo Accused of Sexually Harassing a Former ABC News Producer
Shelley Ross said Mr. Cuomo, the brother of the former New York
governor, touched her inappropriately at a party in 2005. He said
that he apologized for the incident and that it wasn't sexual in
Evergrande Auditor Gave Clean Bill of Health Despite Debt
Last year the property developer offered deep discounts to keep
sales growing and the Chinese government effectively said it had
borrowed too much, yet its auditor gave it a clean bill of
Apollo Unit Backs Hong Kong Insurer FWD's $3 Billion U.S. IPO
Hong Kong tycoon Richard Li's FWD Group landed a $400 million
investment as part of the Asian insurer's plans for a
multibillion-dollar U.S. listing.
(END) Dow Jones Newswires
September 24, 2021 11:15 ET (15:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.