Evergrande Seeks to Raise $1.55B From Shengjing Bank Stake Sale

China Evergrande Group is planning to raise nearly $1.55 billion by selling part of its stake in Shengjing Bank to a state-owned enterprise as part of efforts by the debt-laden conglomerate to meet its financial obligations. 


 
United Airlines Prepares to Fire Employees Who Refuse Covid-19 Vaccinations

United in August said it would require all of its 67,000 U.S. employees to be vaccinated. 


 
Pfizer's Covid-19 Shot for Kids May Not Be Authorized Before November

Many parents and doctors had hoped the Pfizer-BioNTech vaccine would be available for 5- to-11-year-olds next month, but Pfizer must finish filing study data and complete its application to the FDA. 


 
Canadian Miners Escape by Climbing 4,000 Feet

Thirty-three workers trapped in a nickel-and-copper mine near Sudbury, Ontario, for more than two days have reached the surface, with more to follow. 


 
Lego Builds on Its Position as World's No. 1 Toy Maker

The Danish toy maker reported a 46% rise in first-half sales, saying it had shrugged off the Covid-19 pandemic and its disruption to global supply chains. 


 
Facebook Asks Oversight Board for Guidance on Rules for High-Profile Users

The board-an outside body that Facebook created to ensure the accountability of its enforcement systems-recently cited inconsistencies in the way Facebook makes content decisions, after a WSJ investigation. 


 
Facebook Efforts to Attract Preteens Go Beyond Instagram, Documents Show

Facebook has investigated how to engage young users in response to competition from Snapchat and TikTok. A 2019 internal presentation was titled: "Exploring playdates as a growth lever." 


 
Google Faces Pushback in Australia Over Online Ad Fees

Competition watchdog says tech giant has too much influence in online advertising services and new regulations are needed to level the playing field. 


 
TPG Consortium Makes $1 Billion Offer for Australia's Smartgroup

Smartgroup Corp. has granted four-week exclusive due diligence to a consortium including TPG Capital following a proposal valuing the Australian salary-packaging firm at about $1.0 billion. 


 
Freshfields Poaches Top Deal Lawyer from Cravath

Damien Zoubek will join Freshfields as its co-head of corporate and mergers & acquisitions alongside Ethan Klingsberg.

(END) Dow Jones Newswires

09-28-21 2115ET