Chinese Property Developer Kaisa Proposes $400 Million Debt Swap 
 

Kaisa, which in 2015 became one of the first Chinese developers to default abroad, warned it risked reneging on its international debts again unless creditors agreed to the bond swap.

 
Lee Enterprises Enacts Poison Pill to Guard Against Alden Takeover 
 

The newspaper publisher said its board has approved a shareholder rights plan, effective for one year, that would block the hedge fund from acquiring more than 10% of the company as it considers the hostile bid.

 
Instagram Boss to Testify in Congress on Child Safety 
 

Adam Mosseri will testify in Congress during the week of Dec. 6 to respond to questions about the app's effects on younger users sparked by a Wall Street Journal investigation.

 
AT&T, Verizon Propose 5G Limits to Break Air-Safety Standoff 
 

The wireless operators said they will limit the strength of service while regulators review the impact on planes and helicopters.

 
Dimon Apologizes for Joke About JPMorgan Outlasting China's Communist Party 
 

JPMorgan's chief executive made the offhand remark days after he made a whirlwind trip to the Chinese financial hub of Hong Kong on a government travel exemption.

 
Ray Dalio's Bridgewater Raises $1.25 Billion for Its Largest China Fund Yet 
 

The action catapults the hedge-fund firm into the ranks of the biggest foreign managers of private funds in the world's second-largest economy.

 
Gap Misses Estimates and Morgan Stanley Slashes Its Price Target. The Stock Is Tanking. 
 

Gap also lowered full-year guidance because of inventory delays and increased shipping costs.

 
Morgan Stanley, JPMorgan to Help Hong Kong Staff Pay for Quarantines 
 

The firms said they would offer about $5,000 to cover employee's hotel expenses incurred in returning to the city from visiting family.

 
Deere Results Little Hurt by Five-Week Strike 
 

Revenue rose by double digits across the equipment manufacturer's major categories, as the company worked to move past the impact of a five-week worker strike that ended last week.

 
More Chips Will Be Made in U.S. Amid a Global Spending Surge 
 

Investment in U.S. chip production is on the rise. But so, too, is semiconductor spending elsewhere.

 
 

(END) Dow Jones Newswires

November 25, 2021 03:15 ET (08:15 GMT)

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