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News Highlights: Top company news of the day

Dow Jones Newswires ·  Aug 9, 2021 03:22

Sanderson Farms Nears Sale to Continental Grain, Cargill

The poultry giant is nearing a deal to sell itself for around $4.5 billion, according to people familiar with the matter, as it rides a wave of demand for chicken products.

Sexual-Assault Allegation at Alibaba Triggers Outrage, Investigation

A firestorm of public criticism has prompted Chief Executive Daniel Zhang to intervene in a situation that has stirred questions about sexual harassment in Chinese workplaces.

Judge Sides With Norwegian Cruise Line in Suit Over Vaccination Proof in Florida

The cruise line had sought to invalidate Florida's rule that bars businesses from requiring proof of vaccination from their customers.

Westpac Sells Australian Life Insurance Business to TAL

Westpac Banking Corp. has agreed to sell its Australian life insurance business to TAL Dai-ichi Life Australia Pty Ltd. for US$660.2 million and will stop making life insurance products.

Tesla to Require Masks at Nevada Battery Factory

The Silicon Valley electric vehicle-maker joins others in tightening at-work guidelines to safeguard against the renewed spread of virus.

A Gold Mine Takeover Highlights Increasing Mining-Sector Risk

Kyrgyzstan's nationalization of Centerra Gold's large mining operation is one of the most brazen moves in recent years by a country to assert control over valuable natural resources, mining and legal experts say.

Movie Theater Recovery in a Holding Pattern

Cinemark and IMAX's results show that moviegoers are returning, but hardly in droves. High hopes are hanging on the fourth quarter-assuming theaters stay open and studios don't push more movies into streaming.

To Beat Tesla, Volkswagen Bets on Making Its Own EV Batteries

Volkswagen, one of the world's two largest automakers by sales, could be the world's biggest maker of electric vehicles as soon as next year-but making a cost-effective EV battery is a challenge.

(END) Dow Jones Newswires

August 08, 2021 23:00 ET (03:00 GMT)

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