Caterpillar's Chinese Rivals Power Through the Pandemic

Sany Heavy and Zoomlion have gained market share in China while their foreign competitors have been hobbled by Covid-19.

 
Philips Profit Misses Forecasts

Philips said its fourth-quarter net profit came in at EUR603 million, slightly below estimates, but the company reiterated its guidance for the year ahead.

 
Siemens Energy Back in Profit

Siemens Energy posted an above-forecast core profit of EUR243 million in the first-quarter, helped by lower costs, and backed its outlook for 2021.

 
AMC Nets $917 Million in Financing to Ward Off Bankruptcy

The world's largest movie theater chain is buying time with debt and equity deals as it continues to burn cash during the Covid-19 pandemic.

 
AstraZeneca's Vaccine Shortfall Threatens EU Plans to Boost Inoculations

The drugmaker expects to deliver tens of millions fewer Covid-19 vaccine doses than planned to the EU in coming months, threatening the continent's efforts to increase vaccinations and delivering a fresh reputational blow to the company.

 
Smart-Lock Maker Latch to Use Tishman Speyer SPAC to Go Public

Latch Inc., a maker of smart locks and building-management software, plans to go public using a so-called blank-check vehicle, joining the parade of startups looking to cash in on investor interest in tech-enabled businesses.

 
Cathay Pacific Expects New Quarantine Rules to Hurt Performance

Cathay Pacific Airways is bracing for a potential hit from the Hong Kong government's new Covid-19 quarantine rules, which will take effect in February.

 
China's Love of TikTok-Style Apps Powers $5 Billion IPO

Kuaishou Technology has its eyes on the world's biggest initial public offering in more than a year, seeking to raise about $5 billion from a Hong Kong share sale.

 
European Banks Quit Ecuador's Amazonian Oil Trade

Some of Europe's largest banks are phasing out trading services for the export of oil from the Ecuadorean Amazon, a move that reflects the growing focus of global banks on climate change and their shift away from increasingly risky fossil fuels.

 
NCR Is Nearing a Deal to Buy ATM Operator Cardtronics

NCR is finalizing a takeover that would value Cardtronics at $39 a share, or around $1.7 billion, outbidding a pair of investment firms that had earlier agreed to buy the ATM operator.

(END) Dow Jones Newswires

January 25, 2021 07:00 ET (12:00 GMT)

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