China’s Country Garden Makes Overdue Dollar-Bond Payments, Narrowly Avoiding Default
The property giant paid $22.5 million in coupons to international bondholders just before the end of a 30-day grace period.
Spotify’s $1 Billion Podcast Bet Turns Into a Serial Drama
The prospect of podcast riches led to aggressive investments in celebrity deals and original programming for what appeared a sky’s-the-limit media frontier.
L’Occitane’s Controlling Shareholder Decides Against Takeover Offer
L’Occitane International’s controlling shareholder has decided not to proceed with a possible takeover offer for the company, a move that could likely weigh on the stock when it resumes trading Tuesday.
Orora to Buy Bottle Maker Saverglass From Carlyle in $1.4 Billion Deal
UPDATED: Australian packaging company Orora will buy French high-end glass bottle maker Saverglass from private-equity firm Carlyle Group in a deal valued around $1.40 billion.
Qantas CEO Alan Joyce to Step Down Early
Qantas Chief Executive Alan Joyce will step down two months earlier than planned, as Australia’s biggest airline seeks to quickly repair its public image following legal action from Australia’s competition regulator.
Who Should Eat the Cost of Pricier Delivery Menus?
Persuading establishments to rethink higher delivery prices is proving challenging for the food-delivery app.
China’s Country Garden Buys Time to Repay Debt-but Not Long
China’s top surviving private developer bought more time to sort out its liquidity problems.
J&J’s $40 Billion Split-Off Sets Stage for Pharma, Medical Tech Expansion
The healthcare giant’s separation of its consumer-health business arms it with billions in cash for allocating capital in the remaining businesses.
BMW Positive on Order Backlog
BMW said that In the first quarter, orders in Europe were still slightly lower than the previous year but had been rising into the double digits since April, adding that the order backlog would comfortably carry it to the end of 2023.
EVs Elbow Out Internet Titans as China’s Business Darling
Investors and talent pile into China’s EV and battery industries that are increasingly engines of the country’s growth.
Source: Dow Jones Newswires