News Highlights: Top Company News of the Day
Starboard Seeks to Take Control of Corteva Board, Oust CEO
Starboard Value is seeking to take control of agricultural giant
Corteva's board and replace its chief executive, according to
people familiar with the matter.
Europeans Clash With Pfizer, BioNTech Over Vaccine Deliveries
Tension is rising between European authorities and Pfizer and
BioNTech after officials said the companies had unexpectedly cut
their deliveries of Covid-19 vaccines and put their immunization
schedules at risk.
Blackstone Passes $2.8 Billion for Latest Credit Fund
The strategy invests in mezzanine debt, a sector that soared
last year as parched investors shopped for yield.
China Telcos Ask NYSE to Review Delisting
China's three largest telecommunication companies said that they
have asked the New York Stock Exchange to review its decision to
delist their American depositary receipts.
United Airlines Offers Grim Outlook but Seeks to Rebuild
United reported a net loss of $1.9 billion for the fourth
quarter but said it has gotten a handle on how to survive its
Tyson Foods to Settle Price-Fixing Claims
The meat company has agreed to pay $221.5 million to poultry
buyers, helping end a four-year fight over alleged collusion in the
KKR-Led Lenders Aiming To Restructure Belk Without Bankruptcy
Some lenders to the department store chain are hoping to avoid
the expense and conflict that retailers often face in bankruptcy.
Besides that, in recent years retailers have often begun in Chapter
11, but ended up in liquidation.
Jay-Z to Boost Minority-Owned Cannabis Businesses
The rapper is creating a $10 million fund to invest in startups,
saying people of color have missed out on the marijuana boom.
Morgan Stanley Profit Shoots Higher, Fueled by Wall Street
The bank's fourth-quarter profit rose 51% from a year earlier,
another big U.S. lender to emerge from a turbulent year in better
shape than was expected at the onset of the pandemic.
Procter & Gamble Gets Shoppers to Pay Up
The company's sales surged in the most recent quarter, fueled in
part by demand for high-end household products from pricey dish
soap to a $300 electric toothbrush.
(END) Dow Jones Newswires
January 21, 2021 03:15 ET (08:15 GMT)
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