News Highlights: Top Company News of the Day
27 December 2023 - 3:30PM
Dow Jones News
SoftBank Group Shares Hit Over Two-Month High on T-Mobile Stock Gains
SoftBank Group's shares rose to a more than two-month high on
potential investment gains the conglomerate could record as it
receives additional shares of T-Mobile US.
Apple Appeals U.S. Ban That Halted Watch Sales
A federal trade agency's ruling forced the iPhone maker to stop
selling its two most popular watch models.
Boart Longyear Agrees to Takeover by American Industrial Partners
Drilling services company Boart Longyear has agreed to a
takeover by American Industrial Partners Capital Fund VIII in a
deal that values its stock at around US$371 million.
Online Retailer Zulily Liquidating in California State Proceedings
The private equity-backed seller of clothing, footwear and home
goods is shutting down due to a "challenging business
environment."
Bristol-Myers Squibb to Buy RayzeBio for $4.1 Billion
The deal demonstrates renewed interest in radiopharmaceutical
drugs to treat cancer
SEC Penalizes Private-Equity Firm OEP $4 Million Over Deal-Info Disclosures
Employees of OEP Capital Advisors sent investors private details
about potential deals and other confidential information, violating
the private-equity firm's policies, U.S. regulators said.
Shoppers Kept Spending This Holiday Season
U.S. retail sales in stores and online rose 3.1% from Nov. 1
through Dec. 24.
AstraZeneca to Buy Gracell Biotechnologies
AstraZeneca has agreed to buy Gracell Biotechnologies for a
transaction value of $1.2 billion, as part of the former's efforts
to grow its cell therapies business.
Israel Finance Minister Calls Intel's $25 Billion Investment 'Important and Significant'
Intel's choice 'to approve the unprecedented investment of $25
billion and to establish its new factory right here, in Israel, is
important and significant,' says the country's finance
minister.
How Food Stocks Spoiled in 2023
Companies making packaged food were among the most notable U.S.
stock underperformers of the year, and the causes were many. Next
year might look better.
(END) Dow Jones Newswires
December 26, 2023 23:15 ET (04:15 GMT)
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