News Highlights: Top Company News of the Day
24 September 2021 - 2:30PM
Dow Jones News
HNA Group Chairman Chen Feng, CEO Adam Tan Detained by Police
Embattled Chinese conglomerate says the pair are suspected of
committing crimes and have been detained.
Apple Faces Off With Europe Regulators Over Phone Chargers
The EU proposed a bloc-wide common charging standard for
smartphones and other electronic devices, a move that, if adopted,
would effectively bar the use of Apple's unique "Lightning"
charging port.
Evergrande Auditor Gave Clean Bill of Health Despite Debt
Last year the property developer offered deep discounts to keep
sales growing and the government effectively said it had borrowed
too much, yet its auditor gave it a clean bill of health.
Apollo Unit Backs Hong Kong Insurer FWD's $3 Billion U.S. IPO
Hong Kong tycoon Richard Li's FWD Group landed a $400 million
investment as part of the Asian insurer's plans for a
multibillion-dollar U.S. listing.
Toast Is Hot, but Software Is the Jam
After a sizzling public offering for the restaurant technology
provider Toast, investors should be looking closely at its
subscription software business.
Searchlight Capital Bets on Universal Broadband
Former FCC Chairman, Ajit Pai, who became a partner with
Searchlight Capital in April, spoke to WSJ Pro Private Equity about
his shift to private equity after a long career in government, as
well as how fund sponsors can realize investment gains by helping
to close the nation's "digital divide."
Barry Diller's IAC in Talks to Buy Magazine Publisher Meredith
The deal under discussion is expected to be valued at more than
$2.5 billion and would vastly expand IAC's stable of online
publications, according to people familiar with the matter.
Nike's Revenue Pinched by Supply-Chain Disruptions
The sneaker giant reported a 16% rise in quarterly revenue but
said production problems in Asia and trans-Pacific shipping delays
were constraining sales.
Costco Sales Rose 17% in Latest Quarter
Retailer's profit totaled $1.67 billion as consumer spending
increased in the U.S.
Alibaba, Under Beijing Pressure, Moves to Sell Stake in State-Owned Broadcaster
Alibaba plans to dispose of its minority ownership in a
state-owned broadcaster, the first concrete step the Chinese
internet giant is taking to dismantle its sprawling media empire
following pressure from Beijing.
(END) Dow Jones Newswires
September 24, 2021 09:15 ET (13:15 GMT)
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