Top Company News of the Day: Microsoft, Ligado, Party City, Exxon

Microsoft’s Activision Deal Gets Green Light From U.K. Regulator

The decision clears a path for the companies to close the $75 billion deal after a lengthy struggle with regulators.

Ligado Sues U.S. Seeking $39 Billion in Spectrum Fight

The debt-laden satellite company alleges the Pentagon improperly denied its use of spectrum for 5G networks.

Party City Completes Restructuring, Exits From Chapter 11

The party goods retailer said it eliminated nearly $1 billion in debt, enhanced its liquidity and optimized its store portfolio after negotiations resulted in improved lease terms.

Climate Advocates Fighting Exxon Were Hacked, Prosecutors Say

Private documents stolen during an extensive scheme appear to have been used to undermine investigations into the oil giant’s knowledge of climate change, prosecutors say.

Apollo Offers to Buy Wagamama Owner Restaurant Group

The deal caps months of activist pressure on the company and values the business at about $863.2 million.

Dollar General Stock Jumps as Former CEO Returns

Todd Vasos will head up the company again effective immediately, Dollar General said Thursday.

Fast Retailing Shares Jump on Record Profit, Further Earnings Growth

Fast Retailing shares rose sharply after the owner of apparel retailer Uniqlo posted a record annual net profit thanks to stronger global sales and projected further earnings growth ahead.

New Walgreens CEO Needs to Cut the Dividend

Walgreens is in financial trouble and must start a new chapter with investors.

LendingClub to cut staff by around 14% as higher interest rates take a bite

Online lending platform LendingClub Corp. on Thursday said it would reduce its workforce by around 14%, or 172 employees.

U.S. Company Liable for Qatar World Cup Labor Exploitation, Lawsuit Alleges

A group of Filipino workers have sued Jacobs Solutions, which oversaw the construction of the multibillion-dollar stadiums hosting last year’s World Cup.

Source: Dow Jones Newswires


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