News Highlights: Top Company News of the Day
China Evergrande Requests Help From Government as Potential Debt Crunch Looms
The government of Guangdong, China's province where the
struggling developer is based, says it will dispatch a working
group at the request of Evergrande to help the company manage its
Allianz Strikes Deal Over Management of $35 Billion in U.S. Annuities
The financial giant's U.S. life insurer reached an agreement to
reinsure liabilities of $35 billion in one of the largest
transactions of its kind.
China Set to Create New State-Owned Rare-Earths Giant
The move, expected to be announced this month, would aim to
strengthen China's dominance of the global supply chain around the
AmEx Business Travel Going Public Through Merger With Apollo SPAC
The booking services provider under CEO Paul Abbott is merging
with a blank-check company after it made several acquisitions
during the pandemic.
Didi Leaving New York Is Next Step in U.S.-China Decoupling
The Chinese ride-hailing giant is aiming for a Hong Kong listing
as soon as the first quarter of 2022. The company ran into trouble
with Beijing almost immediately after its $4.4 billion initial
public offering in New York.
Retailers Bolster Security After 'Flash Mob' Robberies
Thefts during the busy holiday shopping season mark an increase
in intensity because of the size of the criminal groups and the
organized nature of the crimes, said retail and security
All Pinterest Wants for Christmas Is Users
Pinterest bulls hoping users will come home to the platform for
the holidays may be disappointed.
Dassault Aviation, Airbus to Supply UAE With Military Aircraft
Dassault Aviation said that it will supply the United Arab
Emirates with 80 Rafale F4 fighter jets as part of wider deal with
the French aerospace industry worth more than EUR17 billion.
Covid-19 Vaccine Demand Strains CVS, Walgreens
Vaccine seekers in some states face waits of days or weeks for
doses as local health officials hustle to improve access to meet
surging demand. CVS, Walgreens and Walmart, which are facing
staffing shortages, now say they may not be able to accommodate
people without appointments.
Citigroup Applies for China Securities License
The Wall Street bank joins JPMorgan, Goldman Sachs and others in
seeking a deeper foothold in the country after ownership
restrictions that were in place for years were lifted.
(END) Dow Jones Newswires
December 03, 2021 11:15 ET (16:15 GMT)
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