News Highlights: Top Company News of the Day
Car-Safety Regulators Urge Tesla to Recall Around 158,000 Vehicles
Federal regulators are asking Tesla to recall about 158,000
vehicles over safety concerns in what would amount to one of the
biggest safety actions by the electric-vehicle maker.
Facebook Turned on Trump After Internal Warning Signs Surged
The tech giant's moves came amid fears of a feedback loop in
which the unrest in Washington risked fomenting activity on its
platform that could trigger more violence.
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
Connecticut Investigating Amazon's E-Book Business
Connecticut's attorney general is looking into whether Amazon's
dealings with certain publishers are anticompetitive.
Affirm Stock Skyrockets After IPO
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.
Private-Equity Firm New Mountain Capital Raises Over $10 Billion for Deals
New Mountain Capital said it has collected over $10 billion
across two new funds, including a $9.6 billion flagship
private-equity vehicle and a $640 million pool earmarked for
noncontrolling stakes in companies.
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.
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 ultrarich with its wealth-management offerings for the less
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.
Marriott Says Washington Hotel Is to Blame for Its Own Struggles
Washington's Marriott Wardman Park had financial troubles
because its owner failed to invest in the property, not because of
any tensions with Marriott International, the hotel chain said.
(END) Dow Jones Newswires
January 13, 2021 21:15 ET (02:15 GMT)
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