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News Highlights: Top Company News of the Day

09/21/2021 | 09:16pm EST
Disney+ Subscriber Growth Slows Down 

Shares in Disney fell 4.2% after CEO Bob Chapek said the company's streaming service faced headwinds in the current quarter.

Fedex Lowers Outlook, Citing Labor Costs 

The delivery giant spent an additional $450 million tied to problems attracting workers in its latest quarter, contributing to an 11% drop in profit.

J&J Overcomes Another Bid to Block Possible Talc Bankruptcy 

A New Jersey judge refused to prevent Johnson & Johnson from separating injury liabilities linked to its talcum-based baby powder from the rest of its business, the second time ovarian cancer claimants have failed to stop J&J from potentially placing thousands of talc-related claims in chapter 11 bankruptcy.

Zoom's Nearly $15 Billion Deal for Five9 Probed by U.S. Government Over China Ties 

The Justice Department-led Team Telecom is looking into whether Zoom's China ties could make its acquisition of the software company a national-security risk.

Facebook Oversight Board Launches Review of Company's XCheck System 

The company's oversight board is examining Facebook's practice of holding high-profile users to separate sets of rules, citing apparent inconsistencies in decision-making. The inquiry follows an investigation by The Wall Street Journal into the system, known internally as "XCheck."

ConocoPhillips Bets Big on American Oil Production With $9.5 Billion Deal 

The company's purchase of Permian Basin assets from Shell means it will overtake all but Exxon in oil and gas output in the contiguous U.S.

The Elizabeth Holmes Trial: Jurors Hear First Patient Testimony About Theranos Blood Tests 

An Arizona medical assistant described the impact she felt after receiving pregnancy-test results that she said were inaccurate.

Imperial Capital-Backed Eye-Care Company Weighs Sale 

Keplr Vision, which provides operational support to optometry practices across the U.S., has been working with investment bank Houlihan Lokey Inc to explore options including a sale, according to people familiar with the matter.

DraftKings Makes Bid for Gambling Company Entain 

The cash-and-stock offer, valued at more than $20 billion, comes after the British gambling company rebuffed a takeover proposal from MGM Resorts International earlier this year.

McDonald's Plans to Make Happy Meal Toys More Sustainable 

The fast-food chain is shifting some of its toys to plant-based materials, and the new toys will begin appearing in the U.S. in January

(END) Dow Jones Newswires

09-21-21 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.40% 35719.43 Delayed Quote.13.18%
DRAFTKINGS INC. 1.92% 31.27 Delayed Quote.-32.84%
EXXON MOBIL CORPORATION 1.12% 62.27 Delayed Quote.51.07%
FACEBOOK INC 1.55% 322.81 Delayed Quote.18.18%
FIVE9, INC. 6.54% 140.05 Delayed Quote.-24.63%
LONDON BRENT OIL -0.29% 75.17 Delayed Quote.37.62%
WTI -0.11% 71.829 Delayed Quote.37.48%
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