News Highlights: Top Company News of the Day
Kohl's Urged to Consider Sale by Activist Investor
Activist Engine Capital sent a letter also pressing the
department-store chain to consider a separation of its e-commerce
Alibaba Reshuffles E-Commerce Teams Amid Competition, Slowing Growth
Alibaba said it would reorganize its e-commerce teams and
appointed a new chief financial officer, as the tech giant faces
increasing competition in China, slowing growth and a plummeting
China Evergrande Shares Fall on Bond Default Warning
China Evergrande Group's shares fell following the property
developer's warning of possible cross-defaults on its dollar bonds
after it was asked to repay a $260 million debt obligation.
Nvidia's Deal Setback Eased by Soaring Chip Demand
The FTC has sued to block Nvidia's proposed takeover of Arm
Holdings. But analysts say exploding growth in semiconductor demand
is expected to ease the setback facing the chip maker if it can't
complete the deal.
Italian Billionaires, Fondazione CRT Raise Stake in Generali
Two Italian billionaires together with banking foundation
Fondazione CRT have taken their overall stake in Generali to more
than 15%, as the parties push for more profitable and effective
Cruise Pricing Risks Sailing Off the Deep End
Cruise pricing has never been a better deal for consumers in
some cases. But cruise companies can't afford for that dynamic to
CNN President Jeff Zucker Protected Chris Cuomo. Then Came a U-Turn.
The network boss fired the star anchor on Saturday, leaving a
hole in the channel's prime-time lineup.
California Dairy Farmers Struggle to Stay in the 'Got Milk' State
Recurring droughts add to challenges in the nation's top milk
producer, causing farmers to move, close or turn to growing crops.
"We're scared to death we'll have one more dry year."
Spotify Removes Some Comedians' Work From Streaming Service
A push for royalty payments on comedic material has sidelined
the work of Jim Gaffigan, John Mulaney and hundreds of other
comedians on Spotify.
Noodles Restaurant Chain Bets on Costlier Cheesy Pasta
Colorado-based Noodles & Co. and other U.S. restaurant
chains are weighing consumers' willingness to spend more on food as
prices for goods rise.
(END) Dow Jones Newswires
December 06, 2021 03:15 ET (08:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.