News Highlights: Top Company News of the Day
Cathie Wood's ARK Innovation ETF Sinks During Selloff
A broad selloff in technology shares is punishing fund manager
Cathie Wood's flagship ARK Innovation exchange-traded fund.
DocuSign Shares Fall More Than 40% as Customer Behavior Shifts
The e-signature software maker missed on a key earnings metric
during the October quarter, pulling in billings that fell short of
its prior guidance.
Didi Plan to Delist in New York Rocks Other Chinese ADRs
The Chinese ride-hailing giant is aiming for a Hong Kong listing
in early 2022, further evidence of a broader U.S.-China
China Evergrande Requests Help From Government as 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
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
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
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.
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.
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.
All Pinterest Wants for Christmas Is Users
Pinterest bulls hoping users will come home to the platform for
the holidays may be disappointed.
(END) Dow Jones Newswires
December 03, 2021 15:00 ET (20:00 GMT)
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