News Highlights: Top Company News of the Day
China's Covid Isolation Spurs Beijing-Based Development Bank to Open Overseas Office
Abu Dhabi is among the preferred locations for an interim office
of the Asian Infrastructure Investment Bank, according to people
briefed on the matter, as the multilateral lender grapples with
China's strict Covid rules on overseas travel.
China Auto Maker Geely Ventures Into Smartphones
A subsidiary of Zhejiang Geely Holding Group has acquired a 79%
stake in lesser-known Chinese smartphone maker Meizu Technology,
one of China's earliest smartphone makers.
Peter Thiel-Backed Vauld Suspends Withdrawals
The crypto lender backed by Coinbase and Peter Thiel is
exploring a possible restructuring after becoming the latest
cryptocurrency platform to freeze services.
European Travel Just Got Harder After SAS Pilots Strike
Pilots at Scandinavia's main airline walked out, starting a
strike that the carrier said will hobble operations. Separately,
the chief operating officer at European discounter easyJet
Air Travelers Cope With Busy July Fourth Holiday Weekend
U.S. airports had their busiest day since the Covid-19 pandemic
began, but overall disruptions were less severe than during recent
For Reliance, Russian Oil Has Supercharged Profits
An increase in imports from Russia will help the energy wing at
Reliance Industries continue to notch record refining margins,
despite a new windfall tax on Indian fuel exports.
Little-Known Abortion Pill Maker Faces Scrutiny
The debate over medication abortions draws in the lone U.S.
manufacturer of brand-name mifepristone.
As Deal Spree Sputters, Bankers Brace for Lean Times
Weak markets and an uncertain economic outlook have slowed
M&A and curtailed IPOs.
American Airlines Computer Glitch Disrupts Pilots' Schedules
The carrier's pilots union says it is in talks with the airline
to compensate pilots to helm flights they were mistakenly permitted
to cancel from their itineraries.
Hard Rock Atlantic City Workers, Casino Operator Reach Labor Agreement
The deal follows earlier labor pacts at MGM Resorts
International and Caesars Entertainment, and staves off a Fourth of
July strike on the boardwalk.
(END) Dow Jones Newswires
July 04, 2022 23:15 ET (03:15 GMT)
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