Day: June 19, 2022

World Wrestling Entertainment Inc. WWE, -3.64% disclosed Friday that it is conducting and investigation into “alleged misconduct” by Vincent McMahon, its chairman and chief executive officer. Effective immediately, McMahon has stepped back from his responsibilities as CEO and chairman until the investigation is concluded. “I have pledged my complete cooperation to the investigation by the […]

The U.S.-listed shares of China-based companies were seeing big and broad gains in premarket trading Friday, after Reuters reported that China’s central bank accepted Ant Group’s application to set up a financial holding company. That fueled hopes that China’s regulatory crackdown was easing. The iShares China Large-Cap exchange-traded fund FXI, +1.83% jumped 4.1%. Among the […]

Hexo Corp. HEXO, +2.30% HEXO, -3.77% said Friday its Zenabis Global Inc. cannabis cultivation unit has filed a petition with the Superior Court of Québec for protection under the Companies’ Creditors Arrangement Act (CCAA) to restructure its business. Ernst & Young Inc. has been appointed as monitor to oversee the CCAA process. Hexo said the […]