News Highlights: Top Company News of the Day
13 May 2021 - 1:30AM
Dow Jones News
Pershing Square Holds Nearly 6% of Domino's Pizza, Ackman Tells WSJ
The billionaire investor shared the development at The Wall
Street Journal's Future of Everything Festival.
Insurance Brokers Sell Assets to Win Approval for $35 Billion Merger
Aon and Willis Towers Watson agreed to sell a package of assets
to a smaller rival in an effort to win antitrust approval for their
tie-up to create the world's largest insurance broker.
Amazon Wins Appeal Over $300 Million EU Tax Bill
The European Union's second-highest court sided with Amazon over
a $300 million tax bill, dealing a new blow to the bloc's efforts
to wring more tax from big tech companies.
Hertz Shareholder Payout Set to Swell On Winning Bankruptcy Bid
Knighthead Capital Management and Certares Management emerged as
winners in a bidding war that drove up the rental car company's
value.
U.S. Asks Mexico to Probe Alleged Union Vote Tampering at GM Plant
The move is the first use of a new labor-rule enforcement tool
under the U.S.-Mexico-Canada Agreement.
Delta's CEO Bets on Business Travel: Higher Prices for Better Service
Ed Bastian makes his predictions for how the airline industry
will recover from one of its toughest stretches ever.
Tencent's Biggest Shareholder Looks to Fix Valuation Snag
Naspers is taking another swipe at bridging a $100 billion
valuation gap between its market capitalization and the value of
its stake in Tencent, long a headache for its investors.
CDC Panel to Consider Covid-19 Vaccine for 12-to-15-Year-Olds
A federal advisory panel is scheduled to meet to decide whether
to recommend adolescents receive the Covid-19 vaccine from Pfizer
and BioNTech.
Tesla's April Sales From China Were Mostly Exports
The electric-vehicle maker exported most of the cars produced at
its Shanghai factory in April, raising questions about the strength
of demand for its vehicles in China.
BlackRock Gets Approval to Start Wealth Management Business in China
BlackRock Inc. has gotten the go-ahead from Chinese regulators
to start a wealth management business in the country, joining a
host of international financial institutions expanding into China's
fast-growing financial market.
(END) Dow Jones Newswires
May 12, 2021 11:15 ET (15:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.