News Highlights: Top Company News of the Day
Antitrust Tech Bills Gain Bipartisan Momentum in Senate
Support for curbing large technology companies' market power is
widening in the Senate, with lawmakers in both parties endorsing
new legal constraints on search engines, e-marketplaces, app stores
and other online platforms.
Drugmakers Gear Up for Price Restrictions
The industry potentially faces a significant expansion of
government regulation despite success in watering down Democratic
proposals in the social-spending and climate bill.
New York Times' Wirecutter Staff Goes on Strike Ahead of Black Friday
Staff at the product-review website plan to strike through Nov.
29-Cyber Monday-a popular online shopping day that comes days after
Black Friday, and is one of the site's busiest and most profitable
of the year.
China's State-Run Firms Limit Use of Tencent's Messaging App
Managers at some state-run companies told employees that chat
groups set up for work purposes on Weixin could contain sensitive
information and should be shut down.
Paytm Flop Will Skim Froth Off India's IPO Market
The disappointing performance of India's largest IPO will cool
sentiment a bit, but a dose of reality could make for a healthier
Remy Cointreau Confident on Outlook after Strong First Half
UPDATED: Shares in Remy Cointreau rose sharply after the drinks
group posted consensus-beating first-half profits and raised its
full-year earnings forecasts.
Swiss Life Plans Higher Dividend, Share Buyback
Swiss Life said it will launch a CHF1 billion buyback starting
next month and increase its dividend payout ratio to more than 60%
from 2022, as it set out its midterm plans to target higher
earnings and shareholder returns.
Generali in Talks to Buy Credit Agricole Unit
UPDATED: Generali is in exclusive talks to buy Credit Agricole's
La Medicale business, its insurance subsidiary for healthcare
Orange CEO Resigns After Fraud Verdict
UPDATED: Orange chief executive Stephane Richard will leave the
company on Jan. 31, 2022 at the latest after he was handed a
one-year suspended jail sentence for fraud.
Chinese Property Developer Kaisa Proposes $400 Million Debt Swap
Kaisa, which in 2015 became one of the first Chinese developers
to default abroad, warned it risked reneging on its international
debts again unless creditors agreed to the bond swap.
(END) Dow Jones Newswires
November 25, 2021 15:15 ET (20:15 GMT)
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