Page 97 - Corporate Changes News Today

The U.K.-based boot maker will be put up for public listing in London by its current owner Permira, the private-equity group.

Shares of the gene-therapy biotech bluebird bio have tumbled in recent months, with the stock dropping 46.4% over the past year as the S&P 500 Health Care sector index has climbed 14.2%. Now, the company is trying something entirely different in an effort to stop the downward spiral. In a move announced Monday morning, bluebird (ticker: BLUE) said it planned to split into two public companies by the end of the year. One will focus on rare diseases and the other will work on treating can...

Jan. 8, 2021 5:30 am ET REP. KATIE PORTER, the California Democrat whose interrogations of financial executives and Trump administration officials gained wide notice, is unlikely to remain on the House Financial Services Committee, after Democratic leaders have been unresponsive to her requests for a waiver that would allow her to continue serving on the panel despite having two other committee assignments. Porter has been added to the Natural Resources Committee for the new Congress, a...

Updated Jan. 8, 2021 4:14 am ET Shares in China’s three major telecommunications companies dropped in Hong Kong on Friday, after index compilers said they would remove the stocks from their benchmarks due to a U.S. government investment ban. The removals come after a period of uncertainty about whether the shares would be covered by the ban and flip flops by the New York Stock Exchange about whether to delist American depositary receipts issued by the three companies, China Mobile Lt...

GM Unveils New Logo, Names Operations Chief at Cruise Unit The new logo features ‘GM’ in lowercase letters and is the first significant change to the company’s blocky blue emblem since the 1960s Cruise has been refining and testing its autonomous technology on the streets of San Francisco for years. Photo: Paul Sancya/Associated Press By Updated Jan. 8, 2021 1:57 pm ET General Motors Co. GM -0.14% revealed a new tech-themed co...

The gaming platform raises $520 million at a $29.5 billion valuation.

A month after shelving its plans to go public, the videogame company said it raised $520 million and that it is planning a direct listing.

The stock exchange’s reversal was the latest sign of confusion for investors and companies as they navigate a series of broad China-related executive orders.

Updated Jan. 5, 2021 7:16 pm ET The New York Stock Exchange is in the hot seat after a baffling flip-flop in which it first said it would delist three Chinese companies to comply with an executive order from President Trump, only to reverse itself four days later. The NYSE’s U-turn drew criticism from the administration of President Trump, who signed the order in November ordering a ban on the trading of securities of companies U.S. officials say have links to the Chinese military. Th...

IBM Simplifies Structure of Sales Team Company wants to make it easier for customers to do business by reducing the number of groups it puts clients into to two from 50 The changes are part of a broader effort under CEO Arvind Krishna to boost growth. Photo: Andy Davis/ProductionManager for The Wall Street Journal By International Business Machines Corp. said it is restructuring its sales organization, streamlining how it classifies customers. The new sa...