News Highlights: Top Company News of the Day
16 June 2021 - 1:27AM
Dow Jones News
Neiman Marcus Rides a Rebound in Luxury Shoppers
After a trip through bankruptcy in 2020, the retailer plans to
invest $500 million to refresh stores and improve its digital
business.
JPMorgan, Other Major Banks Excluded From Landmark European Bond Program
The European Union excluded some of the world's largest banks,
including Bank of America and UniCredit, from working on a nearly
$1 trillion coronavirus relief bond program, citing recent cases in
which regulators punished them for forming cartels.
PwC to Spend $12 Billion on Hiring, Expanding Expertise in AI, Cybersecurity
PricewaterhouseCoopers plans to spend $12 billion and hire
100,000 new people in areas such as artificial intelligence and
cybersecurity by 2026, the latest move by a Big Four accounting
firm to bet big on technology.
AstraZeneca Covid-19 Antibody Treatment Suffers Setback
AstraZeneca's coronavirus antibody treatment failed in
late-stage clinical trials to achieve its primary goal of
preventing symptomatic Covid-19 in people recently exposed to the
virus, the latest disappointment in a broader search for reliable
post-infection therapies.
New Book Publisher Caters to Conservative Voices
All Seasons Press, led by two industry veterans, backs
right-wing authors as mainstream houses face growing disputes over
editorial decisions.
U.S. and EU Agree to Suspend Airbus-Boeing Trade Fight
The move to end the longest and most costly spat in the history
of the WTO will significantly reduce trade tensions between the two
economies.
Apollo, Ares and Oaktree Team Up on Initiative to Lure Black Talent
The investment firms will each commit $3 million yearly over a
decade to a joint initiative aimed at attracting more Black talent
to the industry, which has struggled to do so despite numerous
attempts.
Lufthansa Sets 2024 Targets, Mulls Capital Increase
Germany's Lufthansa said it aims to boost its earnings margin
and return on capital employed by 2024 and outlined plans for a
capital increase, as it prepares for a rebound in passenger
demand.
H&M Sales Surge But Undershoot Forecasts
Sweden's H&M posted a slightly-below-forecast 62% rise in
second quarter sales, as pandemic restrictions eased, although
stores in markets such as France and Germany remained closed almost
throughout the quarter.
Lordstown Motors' New Interim CFO Known for Turning Around Struggling Companies
The Lordstown, Ohio-based company on Monday disclosed it engaged
AP Services LLC, a subsidiary of AlixPartners LLP, as part of an
executive reshuffling after a board report found inaccuracies in
some of the firm's disclosures about truck preorders.
(END) Dow Jones Newswires
June 15, 2021 11:15 ET (15:15 GMT)
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