News Highlights: Top Company News of the Day
Delta Looks Toward Recovery After Dark Pandemic Winter
The airline reported a 2020 loss of nearly $12.4 billion, making
it the company's worst year ever and marking its first annual loss
Zico Beverage Brand Founder Buys Company Back From Coca-Cola
PowerPlant Ventures, a venture-capital firm co-founded by Mr.
Rampolla that backs emerging plant-based products and brands,
acquired coconut water-based beverage brand Zico from the Coca-Cola
Co. and will rename it Zico Rising.
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.
TSMC to Spend Up to Record $28 Billion in Advanced Chips, Capacity
The company, a key chip supplier to Apple, plans to spend more
than ever on developing advanced chips and building plant capacity,
capitalizing on a surge in semiconductor demand that has led to a
shortfall in global supplies.
Twitter CEO Defends Trump Ban
In a series of tweets, Twitter CEO Jack Dorsey said it banned
President Trump's personal account in the interest of public
safety, but added that a ban "is a failure of ours ultimately to
promote healthy conversation."
Norwegian Air to Exit Long-Haul, Seeks More Cash in Bid to Exit Bankruptcy Protection
Struggling low-cost carrier Norwegian Air said that it will exit
the long-haul market to focus on European short-haul routes, a move
that will lead to the loss of 2,160 jobs.
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.
China Tech Giants Seen Avoiding Blacklist
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.
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.
(END) Dow Jones Newswires
January 14, 2021 09:15 ET (14:15 GMT)
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