News Highlights: Top Company News of the Day
BHP Flags Up to $1.25 Billion Impairment Charge
BHP Group said it produced more iron ore but less coal, copper
and petroleum in the first half of its fiscal year, as it flagged
an impairment charge of between $1.15 billion and $1.25 billion
against an Australian coal unit.
New Stellantis CEO Plans More Distinctive Vehicle Brands
Carlos Tavares outlined his vision for the newly combined auto
maker, saying he would preserve factories, draw more distinctions
between brands and reassess troubled operations in China.
Wimkin Removed From Google Play
Takedown follows the suspension of the small social-media
network from Apple's App Store last week, also for posts deemed to
Alibaba's Jack Ma Resurfaces After Months of Lying Low
Jack Ma, the billionaire founder of China's Alibaba and
controlling shareholder of financial affiliate Ant Group, made a
public appearance, his first since regulators began clamping down
on his business empire.
Netflix Tops 200 Million Subscribers for the First Time
The streaming giant said it added 8.5 million subscribers in the
fourth quarter, ending last year with an additional 37 million
Moderna CEO Expects 100 Million Vaccine Doses by End of March
The drugmaker is on track to help meet President-elect Joe
Biden's goal for his first 100 days in office, Chief Executive
Stéphane Bancel said.
Tech Executives Look to New Administration to Undo Rules Blocking Talent
Among the hopes: more approvals of H-1B visas, a popular vehicle
for staffing IT teams.
Electric-Truck Maker Rivian Raises $2.65 Billion Ahead of First Vehicle Launch
The startup backed by Amazon and Ford is valued at $27.6 billion
amid a continuing tear for electric-vehicle companies.
Judge Approves Mallinckrodt to Reimburse Creditor Fees
Reimbursing professional fees is part of the restructuring
support agreement Mallinckrodt hopes will serve as the foundation
for resolving thousands of lawsuits accusing the drugmaker of
helping fuel the opioid epidemic.
High Court Weighs FCC Rollback of Restrictions on Media Ownership
The Supreme Court stepped into the middle of a battle over
federal limits on media ownership in local markets.
(END) Dow Jones Newswires
January 20, 2021 03:15 ET (08:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.