News Highlights: Top Company News of the Day
Apollo to Buy Griffin Capital Units
The deal will add about $5 billion of assets under management in
products designed for individual investors.
Glaxo Says Antibody Drug Is Likely Effective Against Omicron
Early laboratory studies suggest that the treatment is effective
against the Omicron variant, setting it apart from similar
therapies that appear to work less well against the strain.
HSBC, Credit Suisse, Others Fined for 'Sterling Lads' Currency Cartel
EU authorities fined four banks close to $400 million for
manipulating the foreign-currency market by exchanging sensitive
information and trading plans, including through an online chat
David Steinberger-Led Group Buys Ebook Publisher Open Road
The parties declined to disclose terms of the deal, but a person
familiar with the sale said Open Road, which had been primarily
owned by a group of institutional investors, sold for between $60
million and $80 million.
China Sets Boeing 737 MAX Directive for Flight Resumption
The Civil Aviation Administration of China ordered certain
software installation and a revision of the flight manual, among
other changes. It didn't specify when China would allow the flights
Chips Stacked High at GlobalFoundries
GlobalFoundries is one of the semiconductor space's most richly
valued companies, at nearly 78 times forward earnings, but a strong
base of future business already in the books should help it grow
into that valuation.
Intelsat Bankruptcy Trial Puts Corporate Governance at Issue
Satellite and broadcast giant Intelsat SA is gearing up for a
trial over a $15 billion restructuring plan in which creditors are
expected to allege that some corporate directors ignored conflicts
of interest and prioritized legal releases for themselves after the
company filed for bankruptcy.
Renewable Natural Gas Firm Opal Fuels to Go Public in $2 Billion SPAC Merger
Opal converts methane emissions from landfills and dairy farms
into renewable natural-gas fuel for trucking customers like UPS. It
is valued at $2 billion in its SPAC deal.
FAA Chief Steve Dickson Takes On Fight Over 5G and Aviation Safety
The cautious regulator is at odds with the telecom industry
ahead of next month's planned rollout of new wireless services.
Macau Casinos Shut High-Roller Rooms Tied to Arrested Operator
Shares of casino operators tumbled on news of the suspension of
Suncity VIP rooms, while the junket operator's leader, Alvin Chau,
resigned following his arrest on illegal gambling and
(END) Dow Jones Newswires
December 02, 2021 09:15 ET (14:15 GMT)
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