News Highlights: Top Company News of the Day
Lucid Is Subpoenaed by SEC
The electric-vehicle company said regulators are requesting
certain documents in an investigation that appears to concern
certain projections and statements.
China Evergrande's Managed Restructuring is Under Way; Stocks Sink
The developer's bonds also fell to historic lows, after Chinese
authorities stepped up their involvement in its affairs and the
company moved closer to a reorganization of its hefty international
Amazon Could Be a Late Holiday Bloomer
Amazon.com hasn't had the merriest of holiday seasons yet. But
the e-commerce giant is in a better position than ever to help
shoppers who didn't get on the ball early.
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
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.
(END) Dow Jones Newswires
December 06, 2021 09:15 ET (14:15 GMT)
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