News Highlights: Top Company News of the Day
BlackRock Gets Green Light to Start Offering Mutual Funds in China
BlackRock won approval from Chinese regulators to begin
operations at its wholly owned mutual-fund business in the country,
paving the way for the asset manager to start selling funds to
individual investors in China before the end of this year.
Google Proposes U.K. Oversight Role in Retirement of Web Cookies
The Alphabet company pledged to collaborate with U.K. regulators
on the removal of a user-tracking technology from its Chrome
browser, one of several commitments it is offering to apply
globally to settle an antitrust investigation.
Congress Members' Data Was Sought by Trump DOJ
House Speaker Nancy Pelosi and House Intelligence Committee
Chairman Adam Schiff have called for an investigation into the
Justice Department's pursuit of the communications data.
American Airlines Invests in Electric Flying Taxis
Investments in the vehicles are part of broader effort by
airlines to spur the development of new, more efficient aviation
technology as they seek to reduce their carbon footprint.
U.S. Suspends J&J Covid-19 Vaccine Shipments as States Face a Surplus of Expiring Doses
The U.S. government has stopped making the J&J Covid-19
vaccine available to states, as federal and state officials try to
clear a backlog of unused doses before they expire.
Investor Sues Chinese E-Cigarette Maker RLX for Allegedly Misrepresenting Risks
The lawsuit, submitted Wednesday by shareholder Alex Garnett in
the U.S. District Court for the Southern District of New York,
alleges RLX's registration statement from last October omitted the
impact of ongoing efforts by Chinese regulators to tighten sales of
Didi Chuxing, China's Ride-Hailing Giant, Unveils U.S. IPO Filing
Didi, which filed under its formal name of Xiaoju Kuaizhi, could
fetch a valuation upward of $70 billion, people familiar with the
Inquiry Into Crown Melbourne Widened to Consider More Allegations
Crown Resorts Ltd. is facing additional scrutiny into its
business practices after Australia's Victoria state widened an
inquiry into its suitability to hold a casino license.
Judge Dismisses Anti-Money-Laundering Charges Against MoneyGram
The order concludes a settlement agreement the company entered
into in 2012 for failing to prevent mass-marketing and
consumer-fraud phishing schemes.
Drax, Mitsubishi Plan Carbon-Capture Project at Former Coal Plant
The so-called negative-emissions project would combine carbon
capture and biomass, though the two companies are hoping for
stronger government support.
(END) Dow Jones Newswires
June 11, 2021 05:00 ET (09:00 GMT)
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