News Highlights: Top Company News of the Day
June 28 2022 - 2:30AM
Dow Jones News
Toshiba Shareholders Vote to Add Activist Investors to Board
Toshiba shareholders approved the company's proposal to invite
representatives from two foreign activist funds onto its board, a
move which may help speed the transition of the troubled industrial
conglomerate.
Volkswagen Nears Deal to Sell Stake in Electrify America to Siemens
The transaction would value the electric-vehicle charging
business at more than $2 billion.
JetBlue Raises Offer to Buy Spirit Airlines-Again
Budget carrier Spirit has been in the middle of a bidding war
between JetBlue and Frontier, and the intensity has picked up in
the final days before a shareholder vote.
Nike Posts Flat Sales, Jump in Inventories
Declining revenues in North America and China offset gains in
Europe. The results were better than Wall Street analysts had
predicted.
Winding-Up Petition Filed Against China Evergrande in Hong Kong
The petition was filed by Top Shine Global Limited of Intershore
Consult (Samoa) with the High Court in Hong Kong, in connection
with a financial obligation of $109.9 million.
Goldman Sachs, Wells Fargo Boost Shareholder Payouts
Four of the six biggest U.S. banks raised their dividends after
the Federal Reserve cleared the way.
Former Toys 'R' Us Directors to Face Bankruptcy Trial Over Liquidation
A bankruptcy judge ordered former Toys "R" Us directors and
officers to face trial on allegations stemming from an attempted
chapter 11 restructuring that left suppliers with more than $600
million in unpaid bills.
Thai Life Insurance Seeks to Raise More Than $1 Billion in IPO
Thai Life Insurance Co. plans to raise more than $1 billion
through an initial public offering in Thailand, which if successful
would be the country's largest such fundraising so far this
year.
Robinhood Shares Soar on Takeover Hopes
Robinhood Markets shares surged Monday on reports that
cryptocurrency exchange FTX is exploring a potential acquisition of
the brokerage.
CVS, Walmart Impose Purchase Limits on Plan B Pills
Some retailers' websites indicated that the emergency
contraceptive was in short supply amid a surge in demand following
the Supreme Court's abortion-rights decision.
(END) Dow Jones Newswires
June 28, 2022 03:15 ET (07:15 GMT)
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