News Highlights: Top Company News of the Day
Consumers Eating at Home Lead to Higher Sales at Kroger
The grocery chain raised its full-year guidance as consumers
continued to opt for eating at home, but said higher supply-chain
costs are squeezing its profits.
Blackstone's Tony James to Retire
Hamilton "Tony" James, who helped transform Blackstone from a
small private-equity shop into an investment giant with $731
billion in assets, is leaving the company in January.
Grab Shares Rise on First Day of Trading After Blockbuster SPAC Deal
Shares of the Singapore ride-hailing and delivery company were
higher in morning trading.
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.
BuzzFeed News Union Workers Walk Out in Protest on Day of SPAC Vote
The union alleges that BuzzFeed management has offered members
1% annual guaranteed pay increases and said it hasn't moved on a
proposed salary floor of $50,000.
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.
(END) Dow Jones Newswires
December 02, 2021 11:00 ET (16:00 GMT)
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