News Highlights: Top Company News of the Day
19 December 2023 - 5:15PM
Dow Jones News
Google to Pay $700 Million in Play Store Settlement
The agreement with a coalition of states resolves antitrust
litigation related to the app store.
Why UBS Wants to Be the No. 6 Investment Bank in the U.S. (Yes, No. 6)
Swiss financial giant UBS is making a new push in the U.S.
investment-banking market-with more measured ambitions.
SQM, Gina Rinehart's Hancock Agree to Buy Azure for $1.1 Billion
Chilean lithium company Sociedad Quimica y Minera de Chile and
Australia's richest person have struck a deal to buy explorer Azure
Minerals valued at roughly $1.14 billion.
End of Adobe's Takeover Bid for Figma Spells New Challenges for Venture Deals, Startups
A tough regulatory environment designed to protect innovation
may have the opposite effect
Nippon Steel to Acquire U.S. Steel for $14.1 Billion
The deal would combine steel giants in America and Japan. Shares
of U.S. Steel surged on the announcement.
Ebix Files for U.S. Bankruptcy With $400 Million Bid for North American Business
Higher interest rates and fallout from auditing questions
contribute to chapter 11 filing of the software and e-commerce
services supplier.
Bezos' Blue Origin Resets Plan to Return to Space
The company had hoped to conduct its first mission in more than
a year Monday, but pushed off the flight after running into a
technical issue at its launch site.
Adobe Scraps $20 Billion Acquisition of Figma
Adobe has called off its planned $20 billion acquisition of the
collaboration-software company Figma, weeks after a U.K. regulator
warned that the deal would likely harm innovation.
Vans, North Face Parent VF Warns Cyberattack May Snarl Holiday Deliveries
Apparel and footwear maker VF said Monday a ransomware attack on
its computer systems could materially affect its ability to fulfill
customer orders, less than one week from Christmas Day.
Trevor Milton Gets Four Years in Prison for Deceptions on Zero-Emission Trucks
The Nikola founder was convicted on several fraud charges last
year. Witnesses testified that he lied to ordinary investors about
nearly every aspect of the company.
(END) Dow Jones Newswires
December 19, 2023 01:00 ET (06:00 GMT)
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