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News Highlights: Top company news of the day

Dow Jones Newswires ·  Jan 13, 2022 21:49  · Markets

Citigroup to Sell Southeast Asia Assets to UOB

Singapore lender $UNITED OVERSEAS BANK LTD(UOVEF.US)$ will acquire the consumer-banking business of $Citigroup(C.US)$ in four Southeast Asian countries.

$Microsoft(MSFT.US)$ Board to Review Sexual Harassment, Gender Bias Policies

A report will summarize the results of investigations, including those into allegations against Bill Gates.

With Biden Mandate Blocked, Many Companies Won't Impose Covid-19 Vaccine Rules

Some corporate leaders applauded the Supreme Court's rejection of the mandate; "We breathed a sigh of relief."

Eye-Care Company Bausch & Lomb Files for IPO

Its parent company, Bausch Health Cos., said in 2020 that it planned to spin off the eye-care business.

AirAsia Not Granted Extension in Financial Distress Classification Appeal

Low-cost airline $AIRASIA GROUP BHD(AIABF.US)$ triggered the financial distress criteria in July 2020 after an external auditor flagged significant uncertainties that cast doubt on its ability to continue as a going concern.

Tiger Woods-Backed SPAC Files for IPO

Sports & Health Tech Acquisition Corp. wants to raise $150 million and focus on fitness technologies

$Monster Beverage(MNST.US)$ Buys Owner of Craft Breweries Cigar City, Oskar Blues for $330 Million

The energy-drink maker is entering the beer and hard-seltzer business with the purchase of CANarchy Craft Brewery Collective.

Fintech Startup Next Insurance Hires Former Airbnb Executive as CFO

Teodora Gouneva was previously the travel platform's vice president of finance.

$TPG Inc(TPG.US)$ Rises in First Day of Trading After IPO

The stock gained 15%, giving the private-equity firm a valuation of roughly $10.4 billion.

Crypto Platform BitMEX Taps New Risk Boss

BitMEX, which last year agreed to a $100 million settlement with U.S. enforcers over compliance issues, has hired Marcus Hughes, a former managing director at Coinbase Global, to serve as the cryptocurrency platform's new chief risk officer.

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