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News Highlights: Top Company News of the Day

11/18/2021 | 07:16pm EDT
Nike Launches Virtual Play Place on Roblox 

The athletic-wear company earlier filed trademark applications indicating it wanted to sell digital versions of its sneakers, clothing and other goods.

Match Introduces a Human Matchmaking Element to Its Dating App 

For $4.99 a week, Match dating experts will go through a user's answers to four questions and try to pair her or him more perceptively than its algorithm does.

Blackstone Sweetens Offer for Crown Resorts 

Crown Resorts said U.S. private-equity firm Blackstone Group sweetened its takeover offer for the Australian casino operator.

Endeavor Nears Stake Sale of Content Business to 'Parasite' Backer 

Endeavor Group Holdings is nearing a deal to sell a majority stake in its scripted-content business to South Korea's CJ ENM, according to people familiar with the matter, as the "Parasite" backer bulks up its presence in Hollywood.

Judge Dismisses Lawsuit Against Robinhood and Citadel Securities 

The ruling said evidence found by the investors' lawyers wasn't strong enough to support their accusations of illegal collusion.

Instagram's Effects on Children Are Being Investigated by States 

A bipartisan coalition of state attorneys general said it is investigating how Instagram recruits and affects young people, amping up the pressure on parent company Meta Platforms over the potential harms to its users.

Ford, GM Step Into Chip Business 

Ford said it had entered into a strategic agreement with U.S.-based chip maker GlobalFoundries to develop chips; separately, GM said it was also trying to forge deeper ties with chip makers.

Wesco Aircraft Faces Cash Crunch as Depressed Plane Orders Weigh on Earnings 

Wesco Aircraft Holdings, a distributor of airplane parts that does business as Incora, had just enough cash in September to make an interest payment, according to people familiar with the matter.

Prada Heads to Austin, Chasing New, Wealthy U.S. Markets 

The maker of high-end shoes and handbags says it "underinvested" in the U.S. and plans stores in places like Austin, Texas, and Baltimore-D.C.

Unilever to Sell Lipton Tea to CVC Capital for $5 Billion 

The company's tea business has struggled for growth in recent years amid changing consumer tastes.

(END) Dow Jones Newswires

11-18-21 1915ET

Stocks mentioned in the article
ChangeLast1st jan.
BLACKSTONE INC. 2.86% 107.57 Delayed Quote.-16.86%
CJ ENM CO., LTD. 2.95% 108100 End-of-day quote.-22.12%
CROWN RESORTS LIMITED 0.16% 12.84 Delayed Quote.7.36%
ENDEAVOR GROUP HOLDINGS, INC. 5.82% 20.91 Delayed Quote.-40.07%
ENM HOLDINGS LIMITED 1.61% 0.63 Delayed Quote.14.55%
META PLATFORMS, INC. 1.18% 193.54 Delayed Quote.-42.46%
NIKE, INC. 1.47% 108 Delayed Quote.-35.20%
PRADA S.P.A. 2.43% 44.3 Delayed Quote.-11.22%
ROBINHOOD MARKETS, INC. -1.27% 10.08 Delayed Quote.-43.24%
ROBLOX CORPORATION -8.01% 31.6 Delayed Quote.-69.37%
UNILEVER PLC 1.88% 3516.5 Delayed Quote.-10.87%
WESCO HOLDINGS INC. 0.20% 491 Delayed Quote.4.47%
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