News Highlights: Top Company News of the Day
FTC Challenges Nvidia's $40 Billion Deal for Arm Holdings
The Federal Trade Commission sues to block the U.S. chip
supplier's proposed takeover of the chip-design specialist, arguing
the deal is anticompetitive.
Ulta Beauty stock rallies after Q3 beat shows 'resiliency' of beauty industry
Ulta Beauty Inc. stock rises 6% %hursday after the specialty
retailer reported sales and profit well above Wall Street
expectations and raised its guidance for the year, saying the
results showed the "strength and resiliency of the beauty
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.
(END) Dow Jones Newswires
December 02, 2021 17:15 ET (22:15 GMT)
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