News Highlights: Top Company News of the Day

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Congress Members' Data Was Sought by Trump DOJ 

House Speaker Nancy Pelosi and House Intelligence Committee Chairman Adam Schiff have called for an investigation into the Justice Department’s pursuit of the communications data.

BlackRock Gets Green Light to Start Offering Mutual Funds in China 

BlackRock won approval from Chinese regulators to begin operations at its wholly owned mutual-fund business in the country, paving the way for the asset manager to start selling funds to individual investors in China before the end of this year.

American Airlines Invests in Electric Flying Taxis 

Investments in the vehicles are part of broader effort by airlines to spur the development of new, more efficient aviation technology as they seek to reduce their carbon footprint.

U.S. Suspends J&J Covid-19 Vaccine Shipments as States Face a Surplus of Expiring Doses 

The U.S. government has stopped making the J&J Covid-19 vaccine available to states, as federal and state officials try to clear a backlog of unused doses before they expire.

Investor Sues Chinese E-Cigarette Maker RLX for Allegedly Misrepresenting Risks 

The lawsuit, submitted Wednesday by shareholder Alex Garnett in the U.S. District Court for the Southern District of New York, alleges RLX’s registration statement from last October omitted the impact of ongoing efforts by Chinese regulators to tighten sales of electronic cigarettes.

Didi Chuxing, China's Ride-Hailing Giant, Unveils U.S. IPO Filing 

Didi, which filed under its formal name of Xiaoju Kuaizhi, could fetch a valuation upward of $70 billion, people familiar with the matter said.

Inquiry Into Crown Melbourne Widened to Consider More Allegations 

Crown Resorts Ltd. is facing additional scrutiny into its business practices after Australia’s Victoria state widened an inquiry into its suitability to hold a casino license.

Judge Dismisses Anti-Money-Laundering Charges Against MoneyGram 

The order concludes a settlement agreement the company entered into in 2012 for failing to prevent mass-marketing and consumer-fraud phishing schemes.

Drax, Mitsubishi Plan Carbon-Capture Project at Former Coal Plant 

The so-called negative-emissions project would combine carbon capture and biomass, though the two companies are hoping for stronger government support.

Peugeot, Citroën Face Charges in French Emissions-Fraud Probe 

The French investigation shows that emissions-cheating scandal continues to ripple across the auto industry.


(END) Dow Jones Newswires

June 11, 2021 03:15 ET (07:15 GMT)

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