Global supply-chain constraints continue to hurt Nike Inc.'s sales. The sneaker giant reported for a second consecutive quarter that its growth was stunted by a slowdown in production and transportation of its goods around the world.
Nike posted revenue of $11.4 billion in the quarter ended Nov. 30, up 1% from the same period a year earlier. Analysts expected revenue of $11.2 billion.
China Mobile Plans to Raise $7.64 Billion Through Shanghai Listing
China Mobile Ltd. is planning to raise $7.64 billion through a listing in Shanghai, which would be one of the largest equity fundraisings so far this year.
China Mobile's stock offering comes after it and domestic rivals China Telecom Corp. and China Unicom (Hong Kong) Ltd. lost appeals against being delisted from the New York Stock Exchange.
P&G Recalls Some Pantene, Aussie, Herbal Essences Dry Shampoos
Procter & Gamble Co. issued a voluntary recall of a variety of aerosol haircare products, after benzene, a cancer-causing chemical, was detected in some.
The affected products include dry shampoos and dry conditioners from Pantene, Aussie and Herbal Essences, produced in the U.S.
Micron stock rallies as strong data-center sales drive outlook, earnings
Micron Technology Inc. shares surged in the extended session Monday after the memory-chip maker forecast an outlook and reported earnings that topped Wall Street estimates as data-center sales proved to the company's strongest growth sector.
Micron MU shares rallied 7% after hours, following a 1.2% decline in the regular session to close at $82.03.
Oracle's Larry Ellison Targets the Health Cloud With $28.3 Billion Bid for Cerner
Oracle Corp. on Monday announced its largest deal ever, a roughly $28.3 billion purchase of electronic-medical-records company Cerner Corp. that vaults the business-software giant deeper into healthcare technology.
The deal extends Oracle co-founder Larry Ellison's longstanding willingness to buy his way into new markets. Mr. Ellison built Oracle into a major power in business software in part through a long list of acquisitions over the decades. Last year Oracle and a group of other companies tried to buy the U.S. operations of video-sharing app TikTok, which would have given Oracle's cloud business a foothold in social media.
Write to sarka.halas@wsj.com
Expected Major Events for Tuesday
05:30/NED: Dec Consumer confidence survey
05:30/NED: Oct Consumer Spending
06:00/FIN: Nov Labour force survey, incl unemployment
07:00/SWI: Nov Trade Balance
07:00/DEN: Dec Consumer expectations
07:00/DEN: Nov Retail sales index
07:00/GER: Jan GfK consumer climate survey
07:00/UK: Nov Public sector finances
08:00/SWI: 3Q Balance of Payments
08:00/SPN: Oct Industrial Orders & Turnover
08:00/SWE: Dec Consumer Tendency Survey
08:00/SWE: Nov Monthly Business Tendency Survey
09:00/ITA: Oct Industrial turnover & orders
09:00/POL: Nov Retail Sales
09:00/ICE: Nov PPI
09:00/ICE: Dec CPI
10:00/MLT: Nov PPI
10:00/ITA: Nov PPI
11:00/UK: Dec CBI Distributive Trades Survey
15:00/EU: Dec FCCI Flash Consumer Confidence Indicator
15:59/GRE: Oct Balance of Payments
16:59/HUN: 3Q Balance of Payments
16:59/LUX: 3Q Balance of Payments
23:00/NED: Nov House Price Index
All times in GMT. Powered by Kantar Media and Dow Jones.
Write to us at newsletters@dowjones.com
We offer an enhanced version of this briefing that is optimized for viewing on mobile devices and sent directly to your email inbox. If you would like to sign up, please go to https://newsplus.wsj.com/subscriptions.
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
12-21-21 0032ET