News Highlights: Top Company News of the Day
Amazon Fined $1.3 Billion in Italian Antitrust Case
Italy's antitrust regulator said Amazon harmed competitors by
favoring third-party sellers that use its logistics services. The
company faces a similar probe by the EU.
Robinhood Fizzles After Splashy Public Offering
Shares of the brokerage that created a frenzy for individual
investors are struggling to advance, which is surprising for a
company that seemed destined to join the ranks of highflying
Italy's UniCredit Unveils New Strategy as Restructuring Ends
The lender said it plans to expand by hiring staff and investing
in digitization as part of a three-year strategic plan that
includes share buybacks and bigger dividends.
Rent the Runway's Opening Look Underwhelms
Fashion-rental company stumbles in its first quarterly report as
a public entity.
Chinese Developer Kaisa Defaults, Fitch Says, as Industry's Debt Challenges Mount
Fitch downgraded Kaisa's credit rating to "restricted
default"-the same grade given to Evergrande-a level assigned to
borrowers who default on debt payments but haven't yet made a
Uber Workers Would Be Classed as Employees Under EU Proposal
Companies in what is known as the gig economy could be forced to
give more benefits to their drivers and delivery personnel under a
European Union proposal that would reclassify many of their jobs as
Senators Want Social-Media Apps to Share Research
A bipartisan group of U.S. senators plans to introduce
legislation that would require Meta Platforms and other
social-media companies to provide outside researchers with data
Mambu Valued at $5.3 Billion in Investment Led by Private-Equity Firm EQT
The banking-software company looks to take advantage of a
growing preference among businesses and consumers for
Rolls-Royce Bullish on Cash Flow, Outlook
Rolls-Royce said it expects 2021 free cash outflow to be better
than the GBP2 billion previously guided and remained upbeat about
its recovery, despite continued "external uncertainties."
Chinese Power Generator Stocks Gain as Coal Prices Taper
Shares of Chinese electricity generators rose Thursday, with
investors expecting better profits as thermal coal prices stabilize
well off their recent highs.
(END) Dow Jones Newswires
December 09, 2021 07:15 ET (12:15 GMT)
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