Saudi Aramco Sells Stake in Natural-Gas Pipeline Business 

The move is the state-owned oil giant's latest effort to pull cash out of its vast energy infrastructure.

VW CEO Likely to Survive Latest Clash With Labor 

Herbert Diess could be stripped of some duties as tensions mount over shift to electric vehicles.

NYSE President Stacey Cunningham to Step Down 

Lynn Martin, an executive at NYSE parent Intercontinental Exchange, has been appointed the next president of the exchange, succeeding Stacey Cunningham, who will step down at the end of the year.

Toyota to Build Electric-Vehicle Battery Plant in North Carolina 

The auto maker is planning a $1.25 billion investment in rural Randolph County that would create 1,750 jobs.

Trump Social-Media SPAC Deal Being Investigated by SEC 

The Securities and Exchange Commission is probing two of the most notable SPAC deals struck this year, including the former president's, a sign that regulators are ratcheting up scrutiny of such deals.

BuzzFeed Shares Swing Sharply on First Trading Day Following SPAC Deal Close 

Shares of the media company jumped more than 40% at its highs before giving up all the gains and falling more than 10% on Monday.

China's SenseTime Launches IPO Amid Tech-Stock Rout 

Artificial-intelligence company SenseTime plans to raise as much as $767 million in a Hong Kong initial public offering this month.

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 business.

Jack in the Box to Buy Del Taco Restaurants 

The deal valued at $455 million would tie up two West Coast fast-food chains with more than 2,800 restaurants spanning 25 states.

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.


(END) Dow Jones Newswires

December 06, 2021 17:15 ET (22:15 GMT)

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