News Highlights: Top Company News of the Day
January 22 2021 - 1:15PM
Dow Jones News
United Wholesale Mortgage Goes Public in Biggest SPAC Deal Ever
United Wholesale Mortgage made its public trading debut, the
largest-ever listing through a special-purpose-acquisition
company.
Google Closes Loon, Its Plan to Use Balloons for Web Access
The Alphabet project that aimed to serve hard-to-reach regions
is winding down after failing to reduce costs enough to achieve a
sustainable business model.
For Oil Servicers, Adversity Spells Opportunity
Oil-field services companies are showing strong signs of
improvement. The sentiment-driven selloff this week could be an
opportunity to pick up their shares on the cheap.
Amazon Needs Electric Vehicles, Too
In the frothy electric vehicle sector, companies focused on
parcel-delivery vans have a stronger business case than most.
TikTok Rival's IPO Could Value It Near $100 Billion
TikTok was one of the most talked about apps in 2020, and though
its largest competitor in China, Tencent-backed Kuaishou, hasn't
received as much scrutiny abroad, it could still make a splash in
the market.
Google Threatens Search Shutdown in Australia
Google said it would have no real choice but to shut down its
search engine in Australia if a proposed law requiring tech giants
to pay publishers for news isn't changed.
ESG Insight - S&P 500 Boards of Directors Lack Transparency on Racial, Ethnic Diversity
The Wall Street Journal's ESG research analysts took a look at
the racial and ethnic diversity of the boards of companies on the
S&P.
ESG Insight - Equal Gender Representation, Women in Top Positions Are Still the Exception on the S&P 500
The Wall Street Journal's ESG research analysts took a look at
the gender diversity of the boards of companies on the S&P.
Paramount+ Marketing Push Will Rely Heavily on ViacomCBS Networks
ViacomCBS Inc. will begin a 13-week marketing campaign for its
coming Paramount+ streaming service with advertising during the
National Football League's AFC Championship game this Sunday,
followed by ads during the Super Bowl, the Grammy Awards, the
Masters and March Madness.
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.
(END) Dow Jones Newswires
January 22, 2021 13:00 ET (18:00 GMT)
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