Chinese Telecom Carriers Ask NYSE to Make Another U-Turn on Delisting

China Mobile, China Unicom (Hong Kong) and China Telecom filed requests asking the NYSE to reverse its decision to delist their American depositary receipts.

 
Instacart Cutting 1,900 In-Store Jobs

Those expected to lose their jobs complete consumers' orders at stores and hand them over to others for delivery. The company is focusing on having workers both fulfill and deliver orders.

 
IBM Pledges to Return to Growth in 2021

International Business Machines expects to return to revenue growth this year after reporting a 4.6% decline in 2020 as corporate customers' focused on preserving cash during the coronavirus pandemic.

 
Federal Judge Denies Parler's Bid to Force Amazon to Resume Service

The judge ruled that Parler's claims didn't meet the threshold for a preliminary injunction, though the court wasn't yet dismissing the company's claims against Amazon.

 
Intel to Outsource More Production

The chip maker, which is reviewing its production strategy, reported a slight drop in earnings for 2020, but sales hit a record high of $77.9 billion.

 
Corteva Faces Renewed Activist Pressure

The crop seed and pesticide maker is confronting pressure from Starboard Value, less than two years after the agriculture company launched.

 
Maersk Ship Loses 750 Containers Overboard in Pacific Ocean

Rough seas during a trip from China to Los Angeles caused the loss, the latest in a series of weather-related accidents at sea affecting millions of dollars in cargo.

 
Facebook Refers Trump Suspension to Oversight Board

The social-media company said a decision from its independent panel on the matter-the biggest issue it has tackled since being set up last year-would be binding.

 
Fidelity Personal-Investing President Kathleen Murphy to Retire in 2021

For more than a dozen years, she led a business that now oversees $3.6 trillion in assets.

 
Ford, GM Stocks Rally on Electric-Vehicle Enthusiasm

Until lately, Detroit's auto makers haven't benefited much from Wall Street's fixation with electric and driverless cars, but shares of both Ford and GM are both up about 35% so far this month.

(END) Dow Jones Newswires

January 21, 2021 23:15 ET (04:15 GMT)

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