News Highlights: Top Company News of the Day
14 January 2022 - 8:30AM
Dow Jones News
Citigroup Exits More Asian Consumer-Banking Operations With $3.7 Billion Deal
Singapore's UOB will pay $690 million premium for regional
businesses.
Eye-Care Company Bausch & Lomb Files for IPO
Its parent company, Bausch Health Cos., said in 2020 that it
planned to spin off the eye-care business.
Tiger Woods-Backed SPAC Files for IPO
Sports & Health Tech Acquisition Corp. wants to raise $150
million and focus on fitness technologies
Fintech Startup Next Insurance Hires Former Airbnb Executive as CFO
Teodora Gouneva was previously the travel platform's vice
president of finance.
Microsoft Board to Review Sexual Harassment, Gender Bias Policies
A report will summarize the results of investigations, including
those into allegations against Bill Gates.
With Biden Mandate Blocked, Many Companies Won't Impose Covid-19 Vaccine Rules
Some corporate leaders applauded the Supreme Court's rejection
of the mandate; "We breathed a sigh of relief."
EDF Hit by Cap on Electricity Prices
UPDATED: EDF withdrew its earnings guidance for the year after
warning that the French government's new measures to curb the rise
of electricity bills will have an estimated impact of up to EUR8.4
billion on the company's results.
AirAsia Not Granted Extension in Financial Distress Classification Appeal
Malaysia-based low-cost airline AirAsia Group triggered the
financial distress criteria in July 2020 after an external auditor
flagged significant uncertainties that cast doubt on its ability to
continue as a going concern.
Monster Beverage Buys Owner of Craft Breweries Cigar City, Oskar Blues for $330 Million
The energy-drink maker is entering the beer and hard-seltzer
business with the purchase of CANarchy Craft Brewery
Collective.
TPG Rises in First Day of Trading After IPO
The stock gained 15%, giving the private-equity firm a valuation
of roughly $10.4 billion.
(END) Dow Jones Newswires
January 14, 2022 03:15 ET (08:15 GMT)
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