News Highlights: Top Company News of the Day
16 June 2021 - 9:23PM
Dow Jones News
HSBC Reshuffles Top Team as Alternatives Push Takes Off
HSBC's fund management arm has created a new division that will
bring together 150 staff and alternative assets representing more
than $50 billion, shaking up its top team in the process.
KPMG Joins Push for Private-Equity Fund Reporting Standards
The consulting firm has joined the Private Capital Data
Standards Alliance, which also counts Allianz Capital Partners
among its members.
Regeneron's Antibody Drug Cuts Risk of Death in Some Covid-19 Patients
Trial results for a new Regeneron treatment have buoyed hopes
that doctors could soon have a new way to tackle severe hospital
cases.
Investor's Latest Fund to Extend L.A. Housing Strategy to More West Coast Cities
Real-estate investor Martin Muoto discussed the Black Impact
Fund as the venture seeks to raise $1 billion.
Alibaba Falls Victim in Large Data Leak
A Chinese software developer trawled the popular Taobao shopping
website for eight months, collecting more than 1.1 billion pieces
of user information including IDs and phone numbers, a Chinese
court verdict said.
Chinese Trucking Startup Seeks to Raise Up to $1.6 Billion in U.S. IPO
Full Truck Alliance, which provides an Uber-like service for the
road-haulage industry, is targeting a maximum valuation of roughly
$21 billion.
Megaworld Unit Plans Philippines' Biggest REIT Offering
MREIT Inc., a unit of Megaworld Corp., is planning to raise
$567.4 million through a listing, which, if successful, would be
the largest such fundraising in the country by a real-estate
investment trust.
FDA Authorizes More Covid-19 Vaccine Doses From Troubled Plant
The agency cleared 15 million doses, bringing the total doses
authorized for export to 25 million, according to a senior U.S.
official.
Platinum Equity Strikes Deal to Buy McGraw Hill From Apollo
The deal for the textbook publisher and educational-technology
company is valued at about $4.5 billion, including debt.
Southwest Airlines Flights Thrown Into Disarray by Technical Problems
The second day in a row of disruptions led the airline to cancel
500 flights.
(END) Dow Jones Newswires
June 16, 2021 07:15 ET (11:15 GMT)
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