Toshiba Shareholders Oust Chairman 
 

The ousting of Osamu Nagayama, a longtime pillar of Japan's corporate world, followed an uproar over collaboration between the firm's management and the government to stifle foreign investors.

 
Toshiba's Shareholder Revolt Is Japan's Too 
 

It's been long in coming but shareholders are finally showing management the door at Toshiba. Managers at other big Japanese firms should jettison their resistance to change too-or they may find themselves without a job.

 
Didi Sets Valuation Target of $62 Billion to $67 Billion in IPO 
 

The Chinese ride-hailing company is looking to raise $3.9 billion at the midpoint of its price range.

 
Nike Posts Highest Quarterly Sales 
 

The company's revenue doubled from pandemic depressed levels on pent-up demand for sneakers.

 
Panasonic Confirms It Has Sold Entire Stake in Tesla 
 

Panasonic Corp. has sold its entire stake in Tesla Inc., a major electric-vehicle battery client, for about $3.61 billion.The Japanese company completed the share sale during the year ended March 2021.

 
Air Force One Supplier GDC Heads Off Liquidation Threat From Creditors 
 

Boeing, which had been embroiled in litigation with GDC Technics, objected to its cash financing, but was overruled in a bankruptcy court hearing.

 
Seven Group Improves All-Cash Offer for Boral 
 

Seven Group Holdings Ltd. returned with an improved takeover offer for Boral Ltd. after the Australian building-materials supplier rejected an initial approach from its largest shareholder.

 
Twilio, Asana to List on Long-Term Stock Exchange in ESG Push 
 

The exchange hopes to be a signal to investors of which companies have sustainable practices.

 
Google, Facebook, Amazon Set to Fight House Tech Antitrust Package 
 

The Judiciary Committee approved far-reaching legislation to curb the market dominance of tech giants.

 
Teamsters Union Votes to Help Organize Amazon Workers 
 

The resolution follows a failed unionization attempt by Amazon employees in Alabama.

(END) Dow Jones Newswires

June 25, 2021 05:15 ET (09:15 GMT)