News Highlights: Top Company News of the Day
February 26 2021 - 1:30PM
Dow Jones News
Birkenstock, Once a Fashion Faux Pas, Snapped Up by LVMH's Arnault
The deal is a sign of how far the luxury world has come around
to the German sandal maker.
J&J Covid-19 Vaccine Is Effective Across Demographic Groups, FDA Scientists Say
The testimony comes before an all-day meeting of a panel of
medical experts. The meeting-and its outcome-is the last step
before the U.S. Food and Drug Administration decides whether to
authorize the single-dose vaccine.
Nikola Internal Review Confirms Some of Short Seller's Claims
Nikola said that a video of its electric truck in motion gave a
misleading impression it was drivable and that its founder had made
several inaccurate statements.
MoneyGram's Decision to Halt Ripple Partnership Leaves CFO With Earnings Hole
The Dallas-based money-transfer company this week said it
suspended its partnership with Ripple in December after securities
regulators sued Ripple for violating investor protection laws.
Netflix to Spend $100 Million to Help Underrepresented Communities in Entertainment
Netflix is creating a $100 million global fund aimed at
increasing outreach to underrepresented communities looking to work
in entertainment.
Airbnb Can Settle Into a Post-Pandemic Market
Against all odds, Airbnb might be a relatively safe place to
rest both your family and your money in 2021.
IAG Suffers EUR4.4 Billion Loss, Says Uncertainty to Continue
British Airways-owner IAG reported an adjusted operating loss of
EUR4.4 billion in 2020 and didn't provide any guidance, but said
capacity for the first quarter will be 20% of 2019 levels.
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.
Tesla Temporarily Halted U.S. Production Over Parts Shortage
Elon Musk says car maker paused activity at its U.S. plant
because of parts shortages but has restarted operations.
Beyond Meat Signs Supply Deals With McDonald's, Yum
Partnerships with fast-food giants are set to take meat
alternatives further into the dining mainstream.
(END) Dow Jones Newswires
February 26, 2021 13:15 ET (18:15 GMT)
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