News Highlights: Top Company News of the Day
12 April 2021 - 11:15PM
Dow Jones News
Jack Ma's Ant Group Bows to Beijing With Company Overhaul
Ant Group, the financial-technology giant controlled by
billionaire Jack Ma, will apply to become a financial holding
company overseen by China's central bank.
Boeing Shareholders Will Weigh Need for More Changes to Board
The plane maker has changed the membership and structure of its
board since a second 737 MAX airliner crashed two years ago.
Investors will soon decide whether the company has done enough.
Huawei, HSBC Strike Deal Over Documents in Extradition Fight
Huawei Chief Financial Officer Meng Wanzhou believes the
documents will help in her battle against extradition from Canada
to the U.S. on charges related to alleged sanctions-busting sales
to Iran.
Credit Suisse Faces Tough Choices on Investment Bank
Credit Suisse's investment bank is the Swiss lender's profit
engine. But after the Archegos and Greensill meltdowns, it is
expected to be scaled back for safety.
Regeneron Drug Stops Symptomatic Covid-19 in Study
The antibody drug reduced the risk of developing symptomatic
Covid-19 infection by 81% compared with a placebo in people living
with someone infected by the new coronavirus, a study found.
Levi's CFO Plans to Increase Capital Spending on Digital Initiatives
Levi Strauss & Co.'s finance chief is ramping up the jeans
maker's capital spending, aiming to spend two-thirds of it on
digital initiatives to aid the company's recovery from the effects
of the coronavirus pandemic.
DiaSorin To Buy U.S.-based Luminex
Shares of Italy's DiaSorin surged 7% after the diagnostic
specialist announced a deal to buy Covid-19 testing kit maker
Luminex for around $1.8 billion.
Suez, Veolia Climb On Merger Deal In Principle
Suez and Veolia Environnement rose sharply after the companies
said they'd reached a deal in principle on a merger, with Veolia to
pay EUR20.50 a share.
Ardian Banks $8.9 Billion for Buyouts
Ardian, one of Europe's biggest private-equity firms, has
wrapped up fundraising for its largest-ever buyout vehicle and
plans to invest the roughly EUR7.5 billion (about $8.9 billion)
with a trans-Atlantic flair.
Alibaba, Hit by Antitrust Fine, Vows to Help Vendors With Fee Cuts
Alibaba said it would invest in measures to support merchants on
its platform, two days after China's antitrust regulator imposed a
record fine against the company for abusing its dominant position
over vendors and rivals in the country's e-commerce industry.
(END) Dow Jones Newswires
April 12, 2021 09:00 ET (13:00 GMT)
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