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News Highlights : Top Company News of the Day

12/02/2021 | 07:16pm EST
FTC Challenges Nvidia's $40 Billion Deal for Arm Holdings 

The Federal Trade Commission sues to block the U.S. chip supplier's proposed takeover of the chip-design specialist, arguing the deal is anticompetitive.

Ulta Beauty stock rallies after Q3 beat shows 'resiliency' of beauty industry 

Ulta Beauty Inc. stock rises 6% Thursday after the specialty retailer reported sales and profit well above Wall Street expectations and raised its guidance for the year, saying the results showed the "strength and resiliency of the beauty category."

BuzzFeed Suffers Wave of SPAC Investor Withdrawals Before Going Public 

The withdrawals are expected to substantially reduce the digital media outlet's cash on hand.

Kroger's Modest Margins Could Become a Strength 

The grocery chain, which reported better-than-expected quarterly results, continues to invest in price competitiveness, which could position it well going forward.

Golden Nugget's Parent Tries to Halt Proposed Deal, but SPAC Says No 

The Fast Acquisition special-purpose-acquisition company rejected Fertitta Entertainment's move, claiming the holding company didn't meet a documents deadline.

Byron Allen's $10 Billion Discrimination Suit Against McDonald's Is Dismissed 

A federal judge has dismissed a $10 billion lawsuit brought by media executive Byron Allen's companies against McDonald's Corp. that accused the fast-food chain of racially discriminatory contracting and spending.

Grab Shares Tumble in Trading Debut After Blockbuster SPAC Deal 

Shares of the Singapore ride-hailing and delivery company shares lost more than one-fifth of their value on their first day of trading in New York.

Limetree Bay Refinery's Lead Bankruptcy Bid Challenged by Liquidator 

Backup bidders for the bankrupt Limetree Bay refinery in the U.S. Virgin Islands say dismantling it is better for the local population than the lead bidder's plan to restart operations.

Blackstone's Tony James to Retire 

Hamilton "Tony" James, who helped transform Blackstone from a small private-equity shop into an investment giant with $731 billion in assets, is leaving the company in January.

Apollo to Buy Griffin Capital Units 

The deal will add about $5 billion of assets under management in products designed for individual investors.

(END) Dow Jones Newswires

12-02-21 1915ET

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