Stock Index Orphans Miss Out on Billions of Dollars From Passive Investors
VinFast, the Vietnamese electric-vehicle maker, and Arm, a British chip designer, are caught in a weird limbo thanks to their decisions on where to list their shares.
Ericsson and Huawei Renew Licence Deal
Ericsson has renewed a multiyear global patent cross-licensing pact with Huawei, giving both companies access to each other’s patented, standardized technologies.
Morgan Stanley Fined by U.K. Energy Market Regulator Over WhatsApp Uses
The fine was the first ever issued in the U.K. for record-keeping requirements related to trading wholesale energy products, the regulator Ofgem said.
Gap Revenue Falls on Weaker In-Store and Digital Sales
Sales declined at Banana Republic and Gap’s other brands, and the company now expects full-year revenue to fall further than expected.
Justice Department Sues SpaceX, Alleging Bias
The agency says the Elon Musk-led company avoided hiring refugees because of their immigration status. SpaceX has denied discriminatory hiring.
Maui Alleges Hawaiian Electric Caused Lahaina Wildfire
County files a lawsuit against the utility claiming negligence.
Puerto Rico Utility Bondholders Split on Way to Bankruptcy Exit
A group of bond investors is expected to back a new restructuring plan for Puerto Rico’s power utility but would have to contend with other creditors that want to keep fighting for a better deal.
Warner Bros. Discovery Adds CNN Live-News Service to Max Streaming
CNN Max will debut Sept. 27 in the U.S. at no additional cost to Max subscribers.
New York’s Gramercy Park Hotel to Reopen After Renovation Under New Operator
MCR Hotels acquired the lease to the famous 200-room hotel for about $50 million and expects to reopen it after a renovation in about two years.
Rolex to Buy Watch Retailer Bucherer
The tie-up in the closely held luxury-watch industry will give Rolex more control over how its watches are sold.
Source: Dow Jones Newswires