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News Highlights: Top company news of the day

Dow Jones Newswires ·  Dec 6, 2021 21:56  · Markets

Intel to List Shares in Mobileye Unit

$Intel(INTC.US)$ is planning to publicly list shares in its Mobileye self-driving-car unit, according to people familiar with the matter, the latest move by Chief Executive Pat Gelsinger to revive the semiconductor giant's fortunes.

SEC Opens Probe Into $Tesla(TSLA.US)$ Involving Solar-Cell Activity 

A former employee alleges that the company hid fire risks from public and shareholders.

Saudi Aramco Sells Stake in Natural-Gas Pipeline Business 

The move is the state-owned oil giant's latest effort to pull cash out of its vast energy infrastructure.

Trump, $Lucid(LCID.US)$ SPAC Deals Being Investigated by SEC 

The Securities and Exchange Commission is probing two of the most notable SPAC deals struck this year, including the former president's, a sign that regulators are ratcheting up scrutiny of such deals.

Budweiser Tries to Make Beer Stocks Fashionable Again 

At his first strategy day, $Anheuser-Busch Inbev(BUD.US)$'s new Chief Executive Michel Doukeris looked to lure shareholders back from the liquor aisle

$VOLKSWAGEN A G(VWAGY.US)$ CEO Likely to Survive Latest Clash With Labor 

Herbert Diess could be stripped of some duties as tensions mount over shift to electric vehicles.

$Toyota Motor(TM.US)$ to Build Electric-Vehicle Battery Plant in North Carolina 

The auto maker is planning a $1.25 billion investment in rural Randolph County that would create 1,750 jobs.

NYSE President Stacey Cunningham to Step Down 

Lynn Martin, an executive at $NYSE(NYSE.US)$ parent $Intercontinental Exchange(ICE.US)$, has been appointed the next president of the exchange, succeeding Stacey Cunningham, who will step down at the end of the year.

China's SenseTime Launches IPO Amid Tech-Stock Rout 

Artificial-intelligence company SenseTime plans to raise as much as $767 million in a Hong Kong initial public offering this month.

Chris Cuomo Ends SiriusXM Radio Show 

The anchor who was recently fired by CNN said he needed to focus on next steps during a difficult time for his family.

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