News Highlights: Top Company News of the Day
J&J Used Lenient Bankruptcy Rules to Push Talc Liabilities to Charlotte
Johnson & Johnson used the lenient venue-selection rules of
U.S. bankruptcy law to push tens of thousands of talc-related
cancer claims to its bankruptcy court of choice, roughly 600 miles
south of the company's New Jersey headquarters.
Microsoft Xbox Chief Sees Game-Buying Spree Continuing
Phil Spencer, Microsoft's executive vice president of gaming,
said the company is taking a long-term approach to adding teams to
its gaming portfolio.
Chip-Designer Arm Sees Chip Shortage Lasting Through Next Year
CEO Simon Segars voices optimism that the deal to be acquired by
Nvidia will go through.
BHP Iron Ore, Copper Output Falls
BHP Group produced less iron ore, copper and steelmaking coal in
its first fiscal quarter mostly because of planned maintenance work
at its operations.
Springer Replaces Bild Editor
The dismissal comes days before the German publisher is due to
complete its acquisition of Politico.
German Fintech N26 Again Draws Regulatory Scrutiny
The startup bank, newly valued at $9 billion, must temporarily
limit new customer sign-ups while it improves its internal
Reddit Seeks More Individual Investors for Share Offering
'I want our users to be shareholders, and I want our
shareholders to be users,' CEO Steve Huffman said of the platform's
plans to go public, adding that market changes have improved small
investors' access to new offerings.
'CoComelon' Owner Moonbug Weighs Sale, IPO
The company behind the hit children's show "CoComelon" is
looking to cash in on its popularity by either selling itself or
Rent the Runway Targets Valuation of Up to $1.5 Billion in IPO
The company's IPO would cap a comeback for the clothing-rental
ViacomCBS CEO Calls Uproar Over Content Inevitable Amid Chappelle Outcry
Bob Bakish appeared at The Wall Street Journal's Tech Live
conference, discussing ViacomCBS's streaming strategy and its
posture on mergers.
(END) Dow Jones Newswires
October 18, 2021 21:15 ET (01:15 GMT)
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