News Highlights: Top Company News of the Day
Blackstone Selling Vegas Casino, Firm's Most Profitable Property Deal
Total profits after the sale would be about $4.1 billion,
including cash flow from the property's operations.
Facebook Pauses Instagram for Kids
The social-media app had faced criticism over a version for
children it was developing that would be ad free and allow parents
to monitor their children's activity.
Evergrande Worries Help Fuel Selloff at Chinese Developer Sunac
Investors sold down securities after a leaked document showed a
Sunac China Holdings unit asking for government help to ease its
Spotify Kicks Off Campaign to Win More Advertisers
Spotify Technology began its first global brand campaign
designed to court marketers as the audiostreaming giant tries to
expand the revenue it collects from advertising.
Google Pushes to Overturn EU's $5 Billion Antitrust Decision
Alphabet's Google argued that its Android operating system for
mobile devices has boosted competition rather than stifled it.
Theranos Trial Jurors to Weigh if Investors Were Dupes or Savvy Speculators
The bulk of criminal charges against founder Elizabeth Holmes
allege she defrauded financial backers that include high-profile
China's Cnooc Plans Big Share Sale at Home as U.S. Delisting Looms
Cnooc plans to raise more than $5 billion from a domestic share
sale as it faces a possible delisting of its U.S. securities.
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.
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.
China Has New Way to Fight IP Theft Claims
Chinese technology giants have seized on a new legal tactic to
fight claims of intellectual property theft, raising concerns in
the U.S. that Beijing's promises to strictly enforce patent and
copyright laws will be undermined by Chinese courts.
(END) Dow Jones Newswires
September 27, 2021 09:15 ET (13:15 GMT)
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