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News Highlights : Top Company News of the Day

09/12/2021 | 09:16pm EDT
ViacomCBS to Restructure Paramount Pictures 

ViacomCBS Inc. is revamping the operations of its Paramount Pictures movie and television production unit as part of a broader shake-up of the management there.

Kansas City Southern Says Canadian Pacific Bid Superior to Canadian National Deal 

Canadian National now has five business days to improve its already accepted offer to avoid termination of the deal.

Chip Shortage Drives Tech and Car Industries Closer 

As vehicles become more digital, semiconductor companies and auto makers talk about the benefits of cooperation: "We need you, and you need us."

Hertz Searches for a New CEO After Bankruptcy 

Hertz, the car-rental company, is in talks to name a new CEO after emerging from bankruptcy under new ownership, people familiar with the matter said.

Apple Judge's Warning Suggests Fight Far From Over 

A ruling regarded as a partial victory for the iPhone maker in the App Store dispute describes the company as being on the brink of having monopoly power.

Sydney Airport to Recommend Higher Takeover Bid 

Sydney Airport, Australia's busiest airport, said that it received a higher takeover offer from a consortium of infrastructure investors and that it intends to recommend that shareholders approve the deal.

DoorDash and Grubhub's Tussles With Regulators Heat Up 

Food-delivery companies are facing commission caps and other rules that threaten their growth.

Antiracism Push Prompts Rethink of Asia's 'Beautiful White' Creams 

Global skin-care companies are split over a term commonly used on Asian antiblemish creams that means "beautiful white," with Unilever erasing it from products while Johnson & Johnson says it isn't offensive.

Twitch Targets Online Harassment in New Lawsuit Against Two Users 

Streaming platform says some Black and LGBTQ users were sent racial slurs and descriptions of violence.

Disney Will Release Rest of 2021 Films Exclusively in Theaters 

The move comes after company's box-office success with the Marvel film "Shang-Chi and the Legend of the Ten Rings," which was released only in theaters.

(END) Dow Jones Newswires

09-12-21 2115ET

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