News Highlights: Top Company News of the Day
January 18 2021 - 5:30AM
Dow Jones News
Jay Y. Lee, Samsung's De Facto Leader, Returns to Prison in Bribery Case
Samsung's de facto leader, Lee Jae-yong, returned to prison
after an appeals court handed down a 30-month sentence following a
retrial of his 2017 conviction on charges of bribing South Korea's
former president.
Fiat Chrysler, PSA Group Merge to Create New Auto-Making Behemoth
The newly formed auto maker, called Stellantis, is set to start
trading on Monday in Europe and on Tuesday in New York.
Vaccine Shortfall to Hit Europe, Canada as Pfizer Plant Is Upgraded
The European Union, Canada and some other countries will receive
fewer doses next week of the Covid-19 vaccine made by Pfizer and
BioNTech due to an upgrade at Pfizer's European factory. The U.S.
isn't affected.
Groceries Prove a Pandemic Bright Spot for BP and Shell
Oil majors bet offering more fresh food and services at
gas-station stores can help offset declining oil income.
Total to Buy Stake in Adani Green Energy
Energy major Total will acquire a 20% stake in India's Adani
Green Energy, as part of the French company's ambition to achieve
net zero carbon emissions by 2050.
France Blocks Sale of Carrefour to Canada's Couche-Tard
The French finance minister told the Canadian retailer's
chairman that the nearly $20 billion deal would threaten jobs and
France's food security amid the Covid-19 pandemic.
Keystone XL Oil Project Pledges Zero Carbon Emissions
The controversial pipeline project would be powered by renewable
energy and built by union labor in a series of planned overhauls to
avoid being axed by the Biden administration.
Richard Branson's Virgin Orbit Reaches Space
The startup reached space with an unconventional rocket-launch
system, deploying tiny satellites into orbit in demonstration
flight.
Zoom CFO Opts for Equity Raise Instead of Debt Sale to Keep Options Open
Zoom's finance chief opted for an equity raise rather than a
debt sale as the software company sought additional funding to
build out its operations.
Boeing's Other Big Problem: Fixing Its Space Program
The last liftoff of the Starliner spacecraft was supposed to be
a decisive win. Instead, it showed that Boeing's engineering and
management issues went beyond its 737 MAX planes. Can the company
redeem itself with its next launch?
(END) Dow Jones Newswires
January 18, 2021 05:15 ET (10:15 GMT)
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