News Highlights: Top Company News of the Day
Activist Hedge Fund Starboard Has Big Stake in Huntsman
The exact changes Starboard intends to push for to improve its
stock performance couldn't be learned. Huntsman's shares are little
changed since the company's 2005 initial public offering.
Creative Artists Agency to Buy Rival Agency ICM Partners
The deal between talent agencies signals how new distribution
platforms including streaming have forced consolidation across all
aspects of the entertainment industry.
TikTok Tops 1 Billion Monthly Users
The popular video-sharing app announced the milestone after
saying earlier this summer that it plans to let users post longer
videos on the platform.
Wells Fargo to Pay $37 Million Penalty for Overcharging Currency Customers
The bank settles U.S. government charges alleging it defrauded
771 commercial clients.
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.
Ford Recalls Mustang Mach-E Electric SUVs Over Windshield, Roof Concerns
The safety recall covers 2021 model-year vehicles for inadequate
bonding of the glass panel parts, increasing the risk of
Facebook to Halt Work on Instagram Kids Version
Critics of a children's version of the social-media app the
company was developing said it can be harmful to young people's
Jim Justice Offers $300 Million Settlement Payment to Credit Suisse
The West Virginia governor has offered a $300 million payment
and half the value of his family coal businesses to settle loans
from the now-defunct Greensill Capital, according to people
familiar with the deliberations.
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.
(END) Dow Jones Newswires
September 27, 2021 17:15 ET (21:15 GMT)
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