News Highlights: Top Company News of the Day
16 September 2021 - 8:30AM
Dow Jones News
Microsoft Plans $60 Billion Share-Buyback Program, Raises Dividend
Congressional Democrats have proposed implementing a 2% tax on
public companies' stock buybacks.
Covid-19 Testing Startup Prenetics to Go Public in SPAC Merger
Prenetics Group Ltd. is going public on the Nasdaq Stock Market
in a merger with special-purpose acquisition company Artisan
Acquisition, in a deal valuing the Covid testing company at $1.25
billion.
Elon Musk's SpaceX Launches First All-Civilian Flight to Orbit
The Inspiration4 mission, led by billionaire businessman Jared
Isaacman, would take Americans the farthest into space since
2009.
Canadian Pacific Reaches $27 Billion Deal to Buy Kansas City Southern
A rival bidder, Canadian National Railway, has dropped its
pursuit, bringing to a close a monthslong battle.
Investment Firm Lexington Partners Explores Sale
The buyout-fund investor is exploring a sale of its business,
part of an increasingly popular niche of the red-hot private-equity
industry, according to people familiar with the matter.
Buffett-Backed Indian Fintech Giant Faces Challenges as IPO Nears
The $2.2 billion listing will see the company beat China's Ant
to the public markets, but it isn't the dominant player in payments
that it wanted to become.
Triago's Matthew Swain Sees Bumper Crop of Family-Owned Company Deals
Recently promoted to co-lead the Paris firm's Americas business
out of New York, Mr. Swain says Triago's deal volume is
surging.
Ryanair Upgrades Post-Pandemic Growth Forecast
Ryanair said it expects to deliver traffic growth of 50% from
the pre-pandemic figure of 149 million passengers a year, up from
the previous forecast of 33%.
Airbus, Air New Zealand Launch
Airbus and Air New Zealand have agreed to jointly research the
feasibility of operating a hydrogen-fueled aircraft by the end of
this decade.
Calpers Lays Out Strategy to Improve Long-Term Private-Equity Performance
Shortfalls in the consistency, diversification and
cost-efficiency of its private-equity portfolio contributed to its
underperformance against policy benchmarks, according to a pension
official.
(END) Dow Jones Newswires
September 16, 2021 03:15 ET (07:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.