Aramco Raises $8 Billion Bond to Fund Dividend Pledge
The financial position of the world's largest oil producer has darkened as it contends with a fall in crude prices caused by the coronavirus pandemic.
Unilever Wants Bigger Bite of Plant-Based Market
The race for growth in meat and dairy alternatives heats up as Unilever targets $1.2 billion in sales over five to seven years of vegan and dairy-free products like plant-based ice cream and mayonnaise.
China's Future Capital Raises $187 Million Fund to Expand Firm's Tech Investments
China's Future Capital Discovery Fund said it closed its fourth and largest fund, raising $187 million from global investors entirely from virtual roadshows amid deepening consolidation in the country's venture-capital industry.
Union Square Ventures Plans its First Climate Tech Fund
Union Square Ventures is raising its first climate-tech focused venture fund, according to people familiar with the situation. The move is an indication that climate tech is gaining new support in the venture industry after largely falling out of favor about a decade ago.
Purdue Gets Chapter 11 Approval of Justice Department Opioid Settlement
A bankruptcy judge approved an $8.34 billion settlement between Purdue Pharma and the Justice Department that requires the drugmaker to plead guilty to three felonies over its marketing and distribution of OxyContin.
Tesla Rival Nio Posts Sharply Higher Sales
The Chinese electric-vehicle maker, whose shares have soared this year, delivered 12,206 vehicles in the latest quarter and posted a narrower loss.
Honda Looks to New Civic to Help Keep Its Edge in Sedan Market
As the pandemic pummels small-car sales, Honda has redesigned one of its most popular nameplates in hopes of hanging onto younger, more cost-conscious buyers.
Mars, Looking for Bar Boost, Plans to Buy Kind's North America Unit
Mars said it would acquire snack-bar maker Kind's business in North America, a deal that will further push the company into competition with other food giants that are looking to bars for growth.
Zuckerberg, Dorsey Tout Progress in Combating Political Misinformation
The CEOs of Facebook and Twitter hailed their companies' efforts to fend off election interference, but skeptical senators warned them that tougher regulation of social media could be coming.
Amazon Launches Online Pharmacy
Amazon.com said customers can buy prescription medications through a new store on its platform, a move that weighed on shares of drugstore chains and drug distributors.
(END) Dow Jones Newswires
11-18-20 0315ET
