Jane Fraser Puts Mark on Citigroup With Overhaul of Wealth Businesses 

A new unit is being created, combining its high-end private bank for the ultra rich with its wealth-management offerings for the less affluent.

Kodak Director Makes Retroactive Cut to Huge Charity Stock Gift 

George Karfunkel's revised donation appears to be worth $77.5 million, down from the original $116.3 million.

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 services.

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 had been betting the stock would weaken shifted positions.

FTC Reaches Settlement With Flo Health Over Fertility-Tracking App 

Flo Health was accused of improperly sharing data with Facebook, including whether users were ovulating.

Affirm Skyrockets in Trading Debut 

The buy-now, pay-later fintech firm jumped as high as $103 shortly after it began trading and closed at $97.24, almost double 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 succeeded 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 Floyd.

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 financial data.


(END) Dow Jones Newswires

January 13, 2021 17:15 ET (22:15 GMT)

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