Electric-Truck Maker Rivian Raises $2.65 Billion Ahead of First Vehicle Launch 
 

The startup backed by Amazon and Ford is valued at $27.6 billion amid a continuing tear for electric-vehicle companies.

 
FedEx Plans to Cut Up to 6,300 Jobs in Europe 
 

The delivery company seeks to address the overlap resulting from operating two European networks connecting similar geographies.

 
How Volkswagen's $50 Billion Plan to Beat Tesla Short-Circuited 
 

Faulty software set back a bid by the world's largest car maker for electric-vehicle dominance.

 
Goldman Profit More Than Doubles, Powered by Trading 
 

The Wall Street firm's revenue rose 18% above 2019's fourth-quarter level as it benefited from a relatively small loan book and heavy exposure to underwriting and trading securities.

 
Bank of America Earnings Weighed Down by Low Rates 
 

The bank's profit declined 22% in the fourth quarter as rock-bottom interest rates pose a challenge for lenders. Still, per-share earnings topped analyst estimates.

 
Steak 'n Shake Taps Adviser for Possible Debt Restructuring 
 

The burger-and-milkshake chain has hired FTI Consulting for help addressing an upcoming debt maturity.

 
Microsoft Bets on Driverless-Car Space With Investment in GM's Cruise 
 

Microsoft is among a group of companies that will invest more than $2 billion in San Francisco-based Cruise, which has been majority owned by GM since early 2016. The financing brings Cruise's valuation to $30 billion.

 
MGM Ends Bid for British Gaming Firm Entain 
 

The Las Vegas-based casino operator made a bid for Entain by offering 0.6 of its shares for each Entain share, worth GBP8.09 billion.

 
China Clears Cisco-Acacia Deal With Conditions 
 

China's antitrust regulator said the U.S. telecom-equipment companies and subsequent merged entity must fulfill existing contracts with Chinese clients and keep commercial terms unchanged.

 
Royal Caribbean to Sell Azamara Luxury Cruise Line for $201 Million 
 

The move would let the cruise operator focus on its core brands after almost a year since onboard coronavirus outbreaks brought its voyages to a halt in the U.S.

(END) Dow Jones Newswires

January 19, 2021 13:15 ET (18:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.