Reliance's Retail Unit Completes $6.38 Billion Fund Raising
Reliance Industries' retail unit has raised $6.38 billion by selling 10.09% stake to over half-a-dozen foreign investors including TPG Inc. and KKR, making it one of the largest such fundraising exercises in India within two months.
Tyson Suspends Managers After Lawsuit Claims They Bet on Covid-19 Infections
Tyson Foods said it suspended managers at an Iowa pork plant following allegations that some wagered on the number of workers who would become infected with Covid-19, as the pandemic roiled the meat industry last spring.
Sinclair Networks to Rebrand as Bally's in Sports Betting Partnership
Sinclair Broadcast Group is teaming up with Bally's to use the casino operator's brand on its regional sports networks and integrate gambling content to fill the airtime during and between games.
BuzzFeed to Acquire HuffPost in Stock Deal With Verizon Media
BuzzFeed is acquiring Verizon Media's HuffPo, the companies said, uniting two large digital media players in a sector looking to jump-start growth.
GM Ups Bet on EVs as Investors Swoon for Electric Cars
The auto maker is raising its bet on electric cars by more than a third, as it hustles to convince a skeptical Wall Street that it too can be successful in the nascent market.
Sonos Hits the Right Notes This Time
Shares of the speaker maker soared after it reported strong quarterly results and projected better-than-expected revenue growth.
Nasdaq to Buy Anti-Financial Crime Firm Verafin for $2.75 Billion
The Verafin acquisition would be New York-based Nasdaq's largest deal in more than a decade and its latest effort to diversify away from its core exchange business into technology.
Airlines Flag Falling Bookings as Covid-19 Cases Climb
Travelers are calling off holiday trips as Covid-19 case counts surge around the country, threatening airlines' hopes for bringing in more revenue this year.
Macy's CEO to States: Don't Close Us Down Again
The retailer hopes to keep stores open during the critical holiday period even as coronavirus cases surge, renewing debate over "essential or nonessential" businesses.
Oxford, AstraZeneca Vaccine's Strong Response in Elderly Confirmed in Review
A Covid-19 vaccine being developed by the University of Oxford and AstraZeneca showed promising immune responses in elderly and older adults, with fewer serious side effects than in younger volunteers, according to a just-published interim analysis previewed in late October.
(END) Dow Jones Newswires