News Highlights: Top Company News of the Day
Remy Cointreau Confident on Outlook after Strong First Half
UPDATED: Shares in Remy Cointreau rose sharply after the drinks
group posted consensus-beating first-half profits and raised its
full-year earnings forecasts.
Swiss Life Plans Higher Dividend, Share Buyback
Swiss Life said it will launch a CHF1 billion buyback starting
next month and increase its dividend payout ratio to more than 60%
from 2022, as it set out its midterm plans to target higher
earnings and shareholder returns.
Generali in Talks to Buy Credit Agricole Unit
UPDATED: Generali is in exclusive talks to buy Credit Agricole's
La Medicale business, its insurance subsidiary for healthcare
Orange CEO Resigns After Fraud Verdict
UPDATED: Orange chief executive Stephane Richard will leave the
company on Jan. 31, 2022 at the latest after he was handed a
one-year suspended jail sentence for fraud.
Chinese Property Developer Kaisa Proposes $400 Million Debt Swap
Kaisa, which in 2015 became one of the first Chinese developers
to default abroad, warned it risked reneging on its international
debts again unless creditors agreed to the bond swap.
Lee Enterprises Enacts Poison Pill to Guard Against Alden Takeover
The newspaper publisher said its board has approved a
shareholder rights plan, effective for one year, that would block
the hedge fund from acquiring more than 10% of the company as it
considers the hostile bid.
AT&T, Verizon Propose 5G Limits to Break Air-Safety Standoff
The wireless operators said they will limit the strength of
service while regulators review the impact on planes and
Deere Results Little Hurt by Five-Week Strike
Revenue rose by double digits across the equipment
manufacturer's major categories, as the company worked to move past
the impact of a five-week worker strike that ended last week.
Instagram Boss to Testify in Congress on Child Safety
Adam Mosseri will testify in Congress during the week of Dec. 6
to respond to questions about the app's effects on younger users
sparked by a Wall Street Journal investigation.
Dimon Apologizes for Joke About JPMorgan Outlasting China's Communist Party
JPMorgan's chief executive made the offhand remark days after he
made a whirlwind trip to the Chinese financial hub of Hong Kong on
a government travel exemption.
(END) Dow Jones Newswires
November 25, 2021 05:00 ET (10:00 GMT)
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