Ant Group Boss Tries to Quell Employee Discontent With Promise of Eventual IPO

The executive chairman also said the company would look for ways to help workers monetize some of their shares after the company was forced to call off its listings.

 
J&J Covid-19 Vaccine Shipments to States Start

Trucks have set out from distribution centers, putting the first use of Johnson & Johnson's single-dose vaccine on track to begin Tuesday.

 
Greensill Capital Faces Possible Insolvency After Credit Suisse Suspends Funds

The SoftBank-backed lender has hired restructuring advisers and could file for insolvency within days, people familiar with the matter said, after Credit Suisse suspended $10 billion in investment funds.

 
Zoom Foresees Robust Growth Even as Pandemic Pressures Ease

The videoconferencing software provider also said its revenue more than quadrupled to $2.65 billion in its latest fiscal year as lockdowns drove demand for its service.

 
IBM Names Research Veteran as CIO

International Business Machines Corp. named a new chief information officer, as the 109-year-old company works to revamp growth by focusing on artificial intelligence and hybrid-cloud computing.

 
Walmart Diversification Goes Into Overdrive With Goldman Hires

Walmart signals it is getting serious about financial technology, even as it is expanding into online advertising and other businesses.

 
Twitter Expands Use of Enforcement System to Covid-19 Falsehoods

Twitter users who repeatedly tweet coronavirus misinformation face a ban from the site under the new policy.

 
Tailored Brands Offered Rescue Loan Amid Declining Business

Tailored Brands Inc., the parent company of apparel retailers Men's Wearhouse and Jos. A. Bank, needs a financial lifeline roughly three months after emerging from bankruptcy, as business continues to decline during the Covid-19 pandemic.

 
South Korean Battery Makers Pitch White House About Georgia Factory

SK Innovation wants the Biden administration to reverse a trade ruling it lost to rival LG Chem involving a factory project seen as key to the electric-car plans of Ford and Volkswagen.

 
Streaming Business MobiTV Files for Bankruptcy With T-Mobile Financing Lined Up

The Emeryville, Calif.-based software company entered chapter 11 proceedings in the U.S. Bankruptcy Court in Wilmington, Del., with total assets of $19 million and liabilities of $75 million.

(END) Dow Jones Newswires

March 02, 2021 03:15 ET (08:15 GMT)

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