News Highlights: Top Company News of the Day
Americans Won't Be Banned From Investing in Alibaba, Tencent, Baidu
Alibaba, Baidu, and Tencent were among a dozen companies being
examined for inclusion in a Defense Department list of firms deemed
to support China's military, intelligence and security
GameStop Shares Surge After Traders Shift Bets, Board Gets Makeover
Shares of GameStop jumped two days after the videogame retailer
said it would remake its board and as investors who bet the stock
would weaken shifted their positions.
Affirm Skyrockets in Trading Debut
The buy-now, pay-later fintech firm jumped as high as $103
shortly after it began trading around midday, far above its initial
offering price of $49.
Poshmark Set to Join IPO Boom
The secondhand-goods marketplace is the latest e-commerce site
to tap the buoyant initial public offering market, while the
pandemic squeezes brick-and-mortar retailers.
Intel Ousts Chief Executive Bob Swan
Swan will be replaced by VMware CEO Pat Gelsinger effective Feb.
15, after activist hedge fund Third Point had called for sweeping
changes to revive the semiconductor giant's fortunes.
Apple Launches Projects for Minority Entrepreneurs
The company is opening a software-developer academy in Detroit
and investing in Harlem Capital in New York, part of the $100
million pledge to fight racism it made after the killing of George
LSE's $15 Billion Refinitiv Deal Is Cleared by Regulator
The approval of the deal by a key European regulator removes a
hurdle in the LSE's bid to challenge other heavyweights offering
BlackRock's Most Powerful Woman Is Retiring
Barbara Novick, who built a lobbying machine at the world's
largest money manager, is taking a second stab at retiring after
scrapping plans to do so after the pandemic hit.
Qualcomm Bolsters 5G Ambitions With Planned $1.4 Billion Acquisition
The purchase of chip startup Nuvia, founded by Apple engineers,
comes amid a chip deal-making frenzy.
Corner Store Owner Couche-Tard in Merger Talks With Europe's Carrefour
Couche-Tard said it has made a $19.66 billion offer to buy
French hypermarket chain Carrefour, as large retailers come under
pressure to transform their bricks-and-mortar footprint amid
pandemic restrictions on shopping and disruption from tech
(END) Dow Jones Newswires
January 13, 2021 15:15 ET (20:15 GMT)
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