News Highlights: Top Company News of the Day
J&J Prepares to Untangle Finances Ahead of Planned Split
Johnson & Johnson is trying to figure out how to divide its
supply chain and substantial financial holdings as part of a
planned split into two publicly traded businesses.
Advertising Market Keeps Growing Much Faster Than Expected, Forecasters Say
The ad market is expanding much faster than forecasters
predicted earlier this year, with GroupM reporting that total
global advertising spend will reach $1 trillion in 2025.
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.
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
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
Saint-Gobain Agrees to Buy GCP Applied Technologies
Saint-Gobain said that it has agreed to acquire GCP Applied
Technologies in a deal valued at around $2.3 billion, a move that
strengthens the exposure of the French construction-materials
company to the growth and profitability of construction
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.
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.
(END) Dow Jones Newswires
December 06, 2021 07:15 ET (12:15 GMT)
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