China Property Stocks Rally as Shanghai, Beijing Invite Home Buyers
Chinese property stocks climbed in Hong Kong after Beijing and Shanghai eased policies for home buyers, but analysts are divided on whether the momentum will last.
Pfizer Helped Save the World With Covid Vaccines. Now It Needs to Right Itself.
The drugmaker is pulling back on some of its research programs and laying off workers after overestimating pandemic-product sales.
Blackstone, Canada Pension Plan in $1.2 Billion Joint Venture With FDIC
Two units of Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust, Canada Pension Plan Investment Board and funds affiliated with Rialto Capital entered a newly formed joint venture with the FDIC.
RTX Names Christopher Calio as Next CEO
The new leader will steer aerospace and defense company through recall of Pratt & Whitney engines.
Freepoint Commodities to Pay $98 Million to Settle Criminal Foreign Bribery Probe
Freepoint Commodities agreed to pay more than $98 million to settle allegations it conspired to bribe Brazilian officials to secure business from state-owned oil company Petróleo Brasileiro, or Petrobras.
Australian Clinical Labs Withdraws Takeover Offer for Healius
Australian Clinical Labs withdrew its takeover offer for Healius, citing the deteriorating performance of its pathology services rival rather than opposition from Australia’s competition regulator.
Costco Beats on Earnings. Thanksgiving Pies, Gold Bars, and Babe Ruth Helped.
The company also declared a special cash dividend of $15 per common share.
Fund Pushes Gildan to Reinstate Ousted CEO
Browning West, a Los Angeles hedge fund, holds a nearly 4% stake in Gildan after building its position over several years.
Nelson Peltz to Nominate Himself, Former CFO to Disney’s Board
The move is the latest twist in a high-profile proxy battle between Peltz’s Trian Fund Management and the entertainment giant.
Why Walmart Turns the Music Off Every Morning
Businesses are creating calm spaces for customers who can feel sensory overload.
Source: Dow Jones Newswires