News Highlights: Top Company News of the Day
Tesla Starts Delivering China-Made Model Y Crossover
Tesla delivered its first made-in-China Model Y compact
crossover vehicles, the latest milestone in the American company's
drive into the world's largest market for electric cars.
Intel Will Demand More Than Just Engineering
Turning around the chip maker will require not only sorting out
manufacturing problems but also selling stakeholders on tough
decisions about the company's future.
Samsung Is Without a Leader as Jay Y. Lee Returns to Prison
Samsung's de facto leader returned to prison, throwing the South
Korean conglomerate into disarray during a generational transfer of
Oil Giant Total Buys Stake in World's Biggest Solar Developer
French energy giant Total said it would pay $2.5 billion for a
20% stake in the world's largest solar developer, the latest move
by an oil major to expand in renewable power.
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.
Faro Energy Raises $60 Million for Solar-Energy Bets in Brazil
Faro Energy Group, the Brazilian unit of clean-energy investment
firm Modern Energy Group, has closed on $60 million for a fund that
backs distributed solar-power projects in Brazil, wrapping up the
vehicle after recently raising $30 million to add to capital
commitments made since 2019.
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.
Shareholder Proposal at Omnicom Questions Ad Buyers' Role in Online Hate
Shareholders are taking aim at social-media ad buyers for their
possible role in spreading disinformation and hate speech.
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.
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.
(END) Dow Jones Newswires
January 18, 2021 17:15 ET (22:15 GMT)
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