News Highlights: Top Company News of the Day
January 20 2021 - 5:15PM
Dow Jones News
Tyson Foods to Settle Price-Fixing Claims
The meat company has agreed to pay $221.5 million to poultry
buyers, helping end a four-year fight over alleged collusion in the
chicken industry.
Jay-Z to Boost Minority-Owned Cannabis Businesses
The rapper is creating a $10 million fund to invest in startups,
saying people of color have missed out on the marijuana boom.
Morgan Stanley Profit Shoots Higher, Fueled by Wall Street
The bank's fourth-quarter profit rose 51% from a year earlier,
another big U.S. lender to emerge from a turbulent year in better
shape than was expected at the onset of the pandemic.
KKR-Led Lenders Aiming To Restructure Belk Without Bankruptcy
Some lenders to the department store chain are hoping to avoid
the expense and conflict that retailers often face in bankruptcy.
Besides that, in recent years retailers have often begun in Chapter
11, but ended up in liquidation.
Procter & Gamble Gets Shoppers to Pay Up
The company's sales surged in the most recent quarter, fueled in
part by demand for high-end household products from pricey dish
soap to a $300 electric toothbrush.
UnitedHealth's Profit Slips as Health-Care Visits Return
Fourth-quarter revenue climbed to $65.47 billion, up from $60.9
billion in the same quarter a year earlier. Costs also rose.
Wimkin Removed From Google Play
The takedown follows the suspension of the small social-media
network from Apple's App Store last week, also for posts deemed to
incite violence.
Netflix Tops 200 Million Subscribers for the First Time
The streaming giant said it added 8.5 million subscribers in the
fourth quarter, ending last year with an additional 37 million
altogether.
Moderna CEO Expects 100 Million Vaccine Doses by End of March
The drugmaker is on track to help meet President-elect Joe
Biden's goal for his first 100 days in office, Chief Executive
Stéphane Bancel said.
Sixth Street Partners to Acquire Life Insurance Business Talcott Resolution for $2 Billion
The agreement is the latest ownership change in a decade of
frenzied industrywide life-insurance deal activity.
(END) Dow Jones Newswires
January 20, 2021 17:00 ET (22:00 GMT)
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