News Highlights: Top Company News of the Day
21 May 2021 - 3:15PM
Dow Jones News
JD Logistics to Raise $3.17 Billion From Hong Kong IPO
JD Logistics Inc. is raising $3.17 billion from an initial
public offering in Hong Kong as it plans to price the deal at the
lower half of an indicative range, according to people familiar
with the situation.
Three Carnival Lines Plan to Resume Alaska Cruises in July
Carnival Corp. said it is planning to resume Alaska sailings in
July, in what would be among the first sailings out of the U.S.
since the onset of the Covid-19 pandemic.
Car Makers Won't Get Special Treatment in Chip Crunch
Commerce Secretary Gina Raimondo said she is looking for ways to
help auto makers amid a global semiconductor shortage but won't
prioritize them over other chip users, as the industry presses the
Biden administration for assistance.
European Rival to Robinhood, Trade Republic, Raises $900 Million
Berlin-based Trade Republic said the Series C funding round was
led by U.S. venture-capital firm Sequoia Capital and valued it at
more than $5 billion.
Purdue Pharma Warns Summer Bankruptcy Trial Could Be Delayed
Purdue Pharma said a summer trial over its multibillion-dollar
bankruptcy exit plan could be delayed if the OxyContin maker is
unable to resolve open challenges to its proposal.
Kansas City Southern Expected to Terminate Canadian Pacific Deal
The rail operator is expected to favor a competing deal from
Canadian National Railway, according to people familiar with the
matter.
Freightliner's Road Is Clearer Without Mercedes-Benz
European spinoffs have historically made investors money,
particularly before their completion. There is no reason to think
Daimler Trucks will be different.
Food Distributor Sysco Looks to Slim Down Debt
Unveiling its first-ever leverage target, the company said it
has paid down $2.3 billion in the past year and will pay down more
to free cash for new investment.
Oatly Shares Jump in Market Debut
The Swedish oat-milk maker's stock climbed 19% on its first day
of trading on the Nasdaq.
Google to Open Its First Permanent Retail Store in New York City
The store near the company's Manhattan offices is designed to
showcase Pixel phones, Fibit wearables and other items, in a bet on
bricks-and-mortar retail as the pandemic eases.
(END) Dow Jones Newswires
May 21, 2021 01:00 ET (05:00 GMT)
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