News Highlights: Top Company News of the Day
Ford Fortifies EV Bet With Four New U.S. Factories
The auto giant plans to spend $7 billion to build two battery
factories in Kentucky and a third in western Tennessee-part of a
collaboration with SK Innovation-as well as a factory for producing
Merck Nears Deal to Acquire Acceleron Pharma
An agreement could be completed as soon as this week, giving a
lift to pharmaceutical giant's work on treatments for rare
Activision Blizzard Agrees to Pay $18 Million to Settle EEOC Probe
The Equal Employment Opportunity Commission had been examining
allegations of gender-based harassment and retaliation at the
embattled videogame-publishing giant.
CIMC to Buy Maersk's Refrigeration Businesses for $1.08 Billion
Denmark's A.P. Moeller-Maersk AS plans to sell its refrigerated
containers manufacturing and refrigeration businesses to China
International Marine Containers (Group) Co. for $1.08 billion.
Entertainment Giant Endeavor to Buy Sports-Betting Business for $1.2 Billion
The acquisition from Scientific Games is the latest deal to
build on the booming U.S. sports-wagering industry.
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.
CAA to Buy Rival Talent Agency ICM in Hollywood Shake-Up
The move by Creative Artists Agency, which has guided Beyoncé
and other megastars, is emblematic of how new distribution
platforms including streaming have forced consolidation throughout
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.
U.S. Units of Trane Reach Proposed $545 Million Settlement in Bankruptcy
Roughly 80,000 asbestos claims pushed the two units, Aldrich
Pump and Murray Boiler, into chapter 11 last year. The settlement
still requires bankruptcy court approval.
Wells Fargo to Pay $37 Million Penalty for Overcharging Currency Customers
The bank settles U.S. government charges alleging it defrauded
771 commercial clients.
(END) Dow Jones Newswires
September 27, 2021 23:15 ET (03:15 GMT)
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