News Highlights: Top Company News of the Day
BuzzFeed Suffers Wave of SPAC Investor Withdrawals Before Going Public
The withdrawals are expected to substantially reduce digital
media outlet's cash on hand.
Kroger's Modest Margins Could Become a Strength
The grocery chain, which reported better-than-expected quarterly
results, continues to invest in price competitiveness, which could
position it well going forward.
Golden Nugget's Parent Tries to Halt Proposed Deal, but SPAC Says No
The Fast Acquisition special-purpose-acquisition company
rejected Fertitta Entertainment's move, claiming the holding
company didn't meet a documents deadline.
Byron Allen's $10 Billion Discrimination Suit Against McDonald's Is Dismissed
A federal judge has dismissed a $10 billion lawsuit brought by
media executive Byron Allen's companies against McDonald's Corp.
that accused the fast-food chain of racially discriminatory
contracting and spending.
Grab Shares Tumble in Trading Debut After Blockbuster SPAC Deal
Shares of the Singapore ride-hailing and delivery company shares
lost more than one-fifth of their value on their first day of
trading in New York.
Limetree Bay Refinery's Lead Bankruptcy Bid Challenged by Liquidator
Backup bidders for the bankrupt Limetree Bay refinery in the
U.S. Virgin Islands say dismantling it is better for the local
population than the lead bidder's plan to restart operations.
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.
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
(END) Dow Jones Newswires
December 02, 2021 15:15 ET (20:15 GMT)
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