News Highlights: Top Company News of the Day
Macellum Urges Kohl's to Make Changes or Explore Sale
The activist investor is renewing a push to get the
department-store chain to take action to boost its lagging stock,
including altering its board.
BlackRock's Climate Stance Is About Profits, Not Politics, Fink Says
In his annual letter to the CEOs of the companies in which
BlackRock invests, Larry Fink said businesses that don't plan for a
carbon-free future risk being left behind. The quest for long-term
returns, and not politics, is what animates the money manager's
efforts, he wrote.
Rio Tinto's Australian Iron-Ore Shipments Fell in 2021
Rio Tinto's annual iron-ore shipments from its Australian mining
operations fell by 3% in 2021 with projects disrupted by a worker
shortage and supply chain issues, but expects shipments will likely
increase this year.
China Merchants Bank-Backed SPAC Seeks Listing in Hong Kong
A special-purpose acquisition vehicle backed by China Merchants
Bank Co. has applied for a public offering in Hong Kong, the first
such company to seek a listing under new rules in the Asian
U.S. Airlines Seek Further 5G Rollout Delay
Carriers said in a letter to U.S. officials that current FAA
flight-safety measures to accommodate the new wireless service
could result in a significant disruption of their flight schedules
Analysis: Singapore Developers Could Prove Resilient Despite Headwinds
Singapore real-estate developers could prove resilient even amid
new housing-market cooling measures and likely higher interest
rates, with income from commercial properties and investments
picking up some of the slack if the country's reopening
Credit Suisse's António Horta-Osório Lost Board Support Over Covid-19 Rules Breach
The chairman's jet use also raised concerns, with some board
members fearing he lacked credibility to fix what had come to be
seen as the bank's broken culture.
Credit Suisse's New Captain Needs to Show Early Turnaround Progress
António Horta-Osório's surprise resignation from the helm of the
beleaguered lender raises the suspicion that his departure might be
due to more than the chairman's stated coronavirus infractions. The
outsider had promised to deliver a much-needed shake-up of the
Swiss bank's culture. His exit puts pressure on successor Axel
Lehmann to show that the transformation will continue.
Amazon Backs Off Threat to Ban U.K.-Issued Visa Credit Cards
The online retailer, which has criticized Visa's fees, said it
is negotiating a deal that would allow customers to keep using
their U.K. cards.
Unilever's $68 Billion Health Kick Is the Wrong Remedy
A surprise bid for the consumer-healthcare business jointly
owned by GlaxoSmithKline and Pfizer is risky and only half of the
target may really be worth owning.
(END) Dow Jones Newswires
January 18, 2022 03:15 ET (08:15 GMT)
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