Purdue Pharma Pleads Guilty to Felonies Over OxyContin Sales
The guilty plea follows the approval last week by a U.S. bankruptcy court judge of an $8.34 billion settlement between Purdue Pharma and the Justice Department.
JD Health Launches $3.5 Billion IPO in Hong Kong
JD Health International, an online health-care business controlled by Chinese online retailing giant JD.com, has begun taking orders for a $3.5 billion initial public offering in Hong Kong.
PC Sales Help HP, Dell Offset Weak Office Spending
Remote working fueled strong demand for Dell and HP personal computers in the latest quarter, cushioning the impact from lower office-equipment spending.
JPMorgan Chase Unit to Pay $250 Million Penalty Over Poor Internal Controls
A top banking regulator fined a JPMorgan Chase unit $250 million over deficiencies in internal controls and internal audit practices.
Penguin Random House Parent Near Deal to Buy Simon & Schuster From ViacomCBS
ViacomCBSInc. is close to a deal to sell book publisher Simon & Schuster to German media giant Bertelsmann SE for more than $2 billion, according to people familiar with the matter.
Gap Reports Flat Quarterly Sales as Holiday Shopping Gets Under Way
Gap's quarterly sales rebounded from spring shutdowns but increased marketing weighed on profits. Executives cautioned that rising Covid-19 infections could slow visits to stores during the holiday season.
J.Crew Changes CEOs for Third Time in Three Years
The apparel seller replaced its chief executive after less than a year in the role and just a few months after it emerged from bankruptcy protection with new hedge-fund owners.
AstraZeneca Gears Up to Vaccinate the World
Among the front-runners racing to deliver a Covid-19 shot, AstraZeneca has the least vaccine experience. But it has promised the world the most doses-more than three billion.
Glitches Hit Trading Platforms Run by Bank of America, TD Ameritrade, Vanguard
The popular platforms suffered glitches that rendered them inaccessible or slow to use, frustrating investors on a landmark day for the U.S. stock market.
More Than 940,000 Crock-Pots Recalled on Burn-Injury Reports
Multicooker maker Sunbeam Products received 119 reports of lid detachment that led to 99 burn injuries, ranging from first- to third-degree burns in the U.S., according to the U.S. Consumer Product Safety Commission.
(END) Dow Jones Newswires