News Highlights: Top Company News of the Day
Facebook Refers Trump Account Suspension to Oversight Board
Facebook has referred its decision to indefinitely suspend
former President Donald Trump from its platforms to an independent
oversight board, as the company grapples with how to treat one of
its highest profile users after his exit from public office.
Britain's IG Group to Buy U.S. Options Firm Tastytrade for $1 Billion
The deal, which would substantially increase IG's presence in
the U.S. market. is a bid to capitalize on the boom in options
trading by small investors.
Lilly Antibody Drug Prevents Covid-19 in Nursing Homes, Study Finds
The drugmaker plans to ask U.S. health regulators to expand
bamlanivimab's use to protect nursing-home residents and staff from
Buying Airline Stocks Takes a Leap of Faith
U.S. carriers are hoping that pent-up demand for leisure travel
could be unleashed as soon as this summer, but the evidence isn't
yet strong enough.
Mytheresa IPO Is Less Fashion-Forward Than It Looks
The former owners of troubled department store Neiman Marcus
have sold a stake in the online retailer at an eye-popping
valuation, but its business model may need a makeover.
Travelers Profit Increases 50%, Fueled by Car-Insurance Unit
The insurer benefited from fewer catastrophes than in the
year-earlier period and premium increases in some lines of business
sold to corporate customers.
Intel to Cap Off Difficult Year Ahead of New Chief
The chip maker is expected to report record annual sales
blemished by market-share losses and technical setbacks.
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.
Bumble's Bet on Women Won't Pay Off Everywhere
Women have fallen fast for Bumble's platform, but investors may
want to take it slow.
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.
(END) Dow Jones Newswires
January 21, 2021 13:00 ET (18:00 GMT)
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