Jay Y. Lee, Samsung's De Facto Leader, Returns to Prison in Bribery Case

Samsung's de facto leader, Lee Jae-yong, returned to prison after an appeals court handed down a 30-month sentence for a retrial of his 2017 conviction on charges of bribing South Korea's former president.

 
Fiat Chrysler, PSA Group Merge to Create New Auto-Making Behemoth

The newly formed auto maker, called Stellantis, is set to start trading on Monday in Europe and on Tuesday in New York.

 
Vaccine Shortfall to Hit Europe, Canada as Pfizer Plant Is Upgraded

The European Union, Canada and some other countries will receive fewer doses next week of the Covid-19 vaccine made by Pfizer and BioNTech due to an upgrade at Pfizer's European factory. The U.S. isn't affected.

 
Groceries Prove a Pandemic Bright Spot for BP and Shell

Oil majors bet offering more fresh food and services at gas-station stores can help offset declining oil income.

 
Total to Buy Stake in Adani Green Energy

Energy major Total will acquire a 20% stake in India's Adani Green Energy, as part of the French company's ambition to achieve net zero carbon emissions by 2050.

 
France Blocks Sale of Carrefour to Canada's Couche-Tard

The French finance minister told the Canadian retailer's chairman that the nearly $20 billion deal would threaten jobs and France's food security amid the Covid-19 pandemic.

 
Keystone XL Oil Project Pledges Zero Carbon Emissions

The controversial pipeline project would be powered by renewable energy and built by union labor in a series of planned overhauls to avoid being axed by the Biden administration.

 
Richard Branson's Virgin Orbit Reaches Space

The startup reached space with an unconventional rocket-launch system, deploying tiny satellites into orbit in demonstration flight.

 
Zoom CFO Opts for Equity Raise Instead of Debt Sale to Keep Options Open

Zoom's finance chief opted for an equity raise rather than a debt sale as the software company sought additional funding to build out its operations.

 
Boeing's Other Big Problem: Fixing Its Space Program

The last liftoff of the Starliner spacecraft was supposed to be a decisive win. Instead, it showed that Boeing's engineering and management issues went beyond its 737 MAX planes. Can the company redeem itself with its next launch?

(END) Dow Jones Newswires

January 18, 2021 03:15 ET (08:15 GMT)

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