News Highlights: Top Company News of the Day
China Evergrande New Energy Vehicle Scraps Shanghai Listing Plans
Cash-strapped China Evergrande New Energy Vehicle Group Ltd. has
shelved plans to list on the Shanghai Stock Exchange, as the debt
crisis at its parent, China Evergrande Group, weighs on market
Gores Guggenheim SPAC Nears Deal to Combine With Polestar
Polestar is nearing a deal to go public through a merger with a
special-purpose acquisition company that would value the Swedish
electric-vehicle maker at $21 billion.
Cnooc Plans Over $5 Billion Share Issuance in Shanghai
Chinese state-controlled energy company Cnooc Ltd. is planning
to issue A-shares to finance its oil field development projects
worth $5.4 billion.
Prudential to Raise $2.4 Billion From Hong Kong Offer
Prudential will raise $2.4 billion by issuing new shares,
proceeds of which will be used by the insurer to redeem high-coupon
debt due in six months and invest for growth.
At DWS, Data Issues Were at Heart of Sustainable-Investing Problems
Fund managers at Deutsche Bank's asset-management arm ignored
calls to use ESG data to judge which investments to make, according
to previously unreported internal emails and the former
sustainability chief, Desiree Fixler.
Sigma Healthcare Makes Takeover Proposal for API
A takeover tussle has begun for Australian Pharmaceutical
Industries Ltd. after Sigma Healthcare Ltd. made a proposal worth
$562 million to buy the drug retailer and wholesaler.
Poshmark Is at Least Worth an Offer
Poshmark, the social shopping site, might not be everyone's
ideal fit in retail, but suddenly it seems like one of the
GM Presses White-Collar Staff Who Haven't Reported Covid-19 Vaccination Status
General Motors warned salaried workers that they face
administrative action if they fail to comply with a corporate
mandate to report their vaccination status.
Finance Chiefs Urge More Companies to Link Debt to Sustainability Goals
A group of finance chiefs from large international companies is
urging peers to tie more of their companies' financing to corporate
United Airlines Is Fined $1.9 Million for Runway Delays
The air carrier was cited for 25 flights the Transportation
Department said violated its rule prohibiting long tarmac delays,
with the largest fine it has issued for such violations.
(END) Dow Jones Newswires
September 26, 2021 23:15 ET (03:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.