News Highlights: Top Company News of the Day
27 December 2023 - 6:15AM
Dow Jones News
SoftBank Shares Hit Over Two-Month High on T-Mobile Stock Gains
SoftBank Group's shares rose on potential investment gains the
conglomerate could record as it receives additional shares of
T-Mobile US.
NIO Shares Jump on Launch of New Flagship EV
NIO's Hong Kong-listed shares rose sharply after the Chinese
electric-vehicle maker launched a new model amid stiffening
competition in its home market.
Boart Longyear Agrees to Takeover by American Industrial Partners
Drilling services company Boart Longyear has agreed to a
takeover by American Industrial Partners Capital Fund VIII in a
deal that values its stock at around US$371 million.
Apple Appeals U.S. Ban That Halted Watch Sales
A federal trade agency's ruling forced the iPhone maker to stop
selling its two most popular watch models.
Online Retailer Zulily Liquidating in California State Proceedings
The private equity-backed seller of clothing, footwear and home
goods is shutting down due to a "challenging business
environment."
SEC Penalizes Private-Equity Firm OEP $4 Million Over Deal-Info Disclosures
Employees of OEP Capital Advisors sent investors private details
about potential deals and other confidential information, violating
the private-equity firm's policies, U.S. regulators said.
Bristol-Myers Squibb to Buy RayzeBio for $4.1 Billion
The deal demonstrates renewed interest in radiopharmaceutical
drugs to treat cancer
Shoppers Kept Spending This Holiday Season
U.S. retail sales in stores and online rose 3.1% from Nov. 1
through Dec. 24.
AstraZeneca to Buy Gracell Biotechnologies
AstraZeneca has agreed to buy Gracell Biotechnologies for a
transaction value of $1.2 billion, as part of the former's efforts
to grow its cell therapies business.
Israel Finance Minister Calls Intel's $25 Billion Investment 'Important and Significant'
Intel's choice 'to approve the unprecedented investment of $25
billion and to establish its new factory right here, in Israel, is
important and significant,' says the country's finance
minister.
(END) Dow Jones Newswires
December 27, 2023 01:00 ET (06:00 GMT)
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