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 electric trucks.

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 diseases.

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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