Toshiba Shareholders Vote to Add Activist Investors to Board 
 

Toshiba shareholders approved the company's proposal to invite representatives from two foreign activist funds onto its board, a move which may help speed the transition of the troubled industrial conglomerate.

 
Volkswagen Nears Deal to Sell Stake in Electrify America to Siemens 
 

The transaction would value the electric-vehicle charging business at more than $2 billion.

 
JetBlue Raises Offer to Buy Spirit Airlines-Again 
 

Budget carrier Spirit has been in the middle of a bidding war between JetBlue and Frontier, and the intensity has picked up in the final days before a shareholder vote.

 
Nike Posts Flat Sales, Jump in Inventories 
 

Declining revenues in North America and China offset gains in Europe. The results were better than Wall Street analysts had predicted.

 
Winding-Up Petition Filed Against China Evergrande in Hong Kong 
 

The petition was filed by Top Shine Global Limited of Intershore Consult (Samoa) with the High Court in Hong Kong, in connection with a financial obligation of $109.9 million.

 
Goldman Sachs, Wells Fargo Boost Shareholder Payouts 
 

Four of the six biggest U.S. banks raised their dividends after the Federal Reserve cleared the way.

 
Former Toys 'R' Us Directors to Face Bankruptcy Trial Over Liquidation 
 

A bankruptcy judge ordered former Toys "R" Us directors and officers to face trial on allegations stemming from an attempted chapter 11 restructuring that left suppliers with more than $600 million in unpaid bills.

 
Robinhood Shares Soar on Takeover Hopes 
 

Robinhood Markets shares surged Monday on reports that cryptocurrency exchange FTX is exploring a potential acquisition of the brokerage.

 
CVS, Walmart Impose Purchase Limits on Plan B Pills 
 

Some retailers' websites indicated that the emergency contraceptive was in short supply amid a surge in demand following the Supreme Court's abortion-rights decision.

 
MSNBC Taps Alex Wagner as Rachel Maddow's Successor 
 

The veteran political correspondent is set to host the channel's 9 p.m. hour starting in August

(END) Dow Jones Newswires

June 28, 2022 01:00 ET (05:00 GMT)