News Highlights: Top Company News of the Day
March 02 2021 - 7:30PM
Dow Jones News
Rio Tinto Chairman to Step Down
Rio Tinto said its chairman would step down amid the fallout
from its destruction of two ancient rock shelters in Australia that
have already cost the miner's former CEO and two other executives
their jobs.
Target Keeps Growing at Rivals' Expense
The retailer's holiday sales rose solidly, capping off a year
when revenue increased more than it had in the previous 11 years
combined.
Kohl's Is 'Way Ahead' of Activist Investors, CEO Says
The retail chain said it would restart share buybacks and
dividends and spend at least $550 million on capital expenditures
during new fiscal year.
Golden Globe Ratings Plummet
Many viewers tuned out the mostly virtual awards ceremony, whose
ratings dropped 62% from last year.
Hertz Floats Bankruptcy Exit Led by Investor Group
After one of the largest Covid-19 debt defaults, the rental-car
company wants to exploit favorable debt markets to exit from
bankruptcy by the end of the second quarter.
Doses of AstraZeneca's Covid-19 Vaccine Pile Up in Europe
Europe's reluctance to distribute millions of doses of the
company's vaccine is coming under pressure after the French
government authorized use of the shot for some older people.
Fidelity's Retail Investor Accounts Rise 17% to 26 Million
A surge in interest from individual investors spurred activity
at the money manager in 2020.
Greensill Problems Build as Regulator Watches Over Banking Unit
Pressure mounted on the embattled SoftBank-backed financial firm
as it scrambled to sell core parts of its business and regulators
intensified supervision of its banking unit.
Big Oil Faces Off Against Clean-Energy Giants
Competition for renewable assets is heating up as BP, Shell and
Total rush into a sector dominated by more experienced utility
companies.
Six Dr. Seuss Books Are Dropped After Review Finds Imagery Offensive
The decision won't affect Dr. Seuss's best known-works, which
publisher Random House Books for Young Readers and several
booksellers said would remain available to customers.
(END) Dow Jones Newswires
March 02, 2021 19:15 ET (00:15 GMT)
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