News Highlights: Top Company News of the Day
February 25 2021 - 9:30AM
Dow Jones News
Best Buy Workers Powered Through Pandemic. Then They Lost Their Jobs.
The electronics retailer is accelerating its plan to adapt to
what company executives think is a longer-term shift to online
buying, including shrinking its store workforce and using more
store space to fulfill online orders.
Pfizer, BioNTech Studying Third Covid-19 Vaccine Dose
The companies have begun a study in people testing whether a
third dose of their vaccine would increase its effectiveness
against the variant identified in South Africa and other
strains.
Amazon's Lack of Disclosure on SolarWinds Hack Angers Lawmakers
The tech giant says it wasn't breached, but it is seen as having
valuable data on the attack.
Hard Seltzers Help Bud Brewer Regain Some Sparkle
Beer giant AB InBev says alcoholic sparkling waters are helping
offset weaker sales of Budweiser.
Fight Between 'Fortnite' Creator and Apple Reels in More Tech Players
Computer-game distributor Valve is the latest to be pressured
into playing a role in a legal battle over app-store fees.
Boeing Moved to Fix 777 Engine Covers Before Failures
The plane maker was planning to strengthen protective covers for
engines on its wide-body 777 jets months before recent serious
failures, including one near Denver last weekend, according to an
internal FAA document.
DoorDash to Show Narrower Annual Loss as Growth Continues
The app's revenue is projected to jump threefold as
food-delivery skyrocketed during pandemic.
Airbnb's IPO Costs Expected to Widen Its Loss
Analysts forecast a fourth-quarter loss of $2.73 billion as
stock compensation tied to the company's initial public offering is
expected to weigh on its bottom line.
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.
Netflix Wants You to Binge Watch More Korean Dramas
Netflix will invest $500 million this year in South Korean films
and TV series, tapping one of Asia's cultural powerhouses as global
competition for viewers attracts more rival services and expands
beyond American content.
(END) Dow Jones Newswires
February 25, 2021 09:15 ET (14:15 GMT)
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