Facebook, Google Face 'Strong Pipeline' of Privacy Rulings in Europe

The privacy regulator overseeing Facebook, Google and Apple in the European Union expects to boost its tally of big tech decisions this year-and rejects complaints that its enforcement has been too slow.

 
AB InBev Sees Better 2021 as Profits  Beat Hopes

AB InBev posted fourth-quarter normalized earnings of $5.07 billion, much better than the consensus forecast, and said it expects profits to improve this year.

 
Standard Chartered Underlying Profit Drops 40%

Standard Chartered said its pretax underlying profit fell to $2.51 billion in 2020, as sharply higher credit impairments and weak interest rates hurt profitability in a pandemic-struck year.

 
Anglo American Profit Tops Consensus After Second-Half Recovery

Anglo American said underlying earnings dropped 2% to $9.80 billion in 2020, above consensus, suggesting a strong recovery in the second half of the year.

 
Moderna Says New Variant Vaccine Is Ready for Human Testing

The biotech company has sent the NIH a first batch of doses of its newly designed shot that targets the coronavirus strain first identified in South Africa.

 
Autonomous Trucking Startup TuSimple Plans to Go Public in March

Autonomous trucking company TuSimple, which gained momentum with hundreds of millions of dollars in financing from Chinese investors and U.S. freight-hauling companies, has filed paperwork to go public.

 
Boeing-FAA Ties Still Flawed After 737 MAX Reforms

Aviation regulators need to strengthen their oversight of aircraft safety even after reforms undertaken in the wake of the two Boeing 737 MAX crashes, a government report has concluded.

 
Amazon Faces Questions Over Removal of Book by Conservative Author

In a letter to Jeff Bezos, a group of Republican senators said a book by conservative scholar Ryan T. Anderson, "When Harry Became Sally: Responding to the Transgender Moment," was no longer available on the platform.

 
WeWork Co-Founder to Get Extra $50 Million in SoftBank Settlement

WeWork co-founder and former CEO Adam Neumann is set to reap an extra $50 million windfall and other benefits as part of an agreement to settle a bitter dispute he and other early WeWork investors have waged with SoftBank, according to people familiar with the matter.

 
Citi Faces Hurdles to Retrieving $500 Million Revlon Goof

Citigroup, though facing obstacles, still has options to try to recoup roughly $500 million wired by accident to Revlon lenders, legal experts say.

(END) Dow Jones Newswires

February 25, 2021 03:15 ET (08:15 GMT)

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