News Highlights: Top Company News of the Day
Instacart Cutting 1,900 In-Store Jobs
Those expected to lose their jobs complete consumers' orders at
stores and hand them over to others for delivery. The company is
focusing on having workers both fulfill and deliver orders.
IBM Pledges to Return to Growth in 2021
International Business Machines expects to return to revenue
growth this year after reporting a 4.6% decline in 2020 as
corporate customers' focused on preserving cash during the
Federal Judge Denies Parler's Bid to Force Amazon to Resume Service
The judge ruled that Parler's claims didn't meet the threshold
for a preliminary injunction, though the court wasn't yet
dismissing the company's claims against Amazon.
Intel to Outsource More Production
The chip maker, which is reviewing its production strategy,
reported a slight drop in earnings for 2020, but sales hit a record
high of $77.9 billion.
Fidelity Personal-Investing President Kathleen Murphy to Retire in 2021
For more than a dozen years, she led a business that now
oversees $3.6 trillion in assets.
Corteva Faces Renewed Activist Pressure
The crop seed and pesticide maker is confronting pressure from
Starboard Value, less than two years after the agriculture company
Maersk Ship Loses 750 Containers Overboard in Pacific Ocean
Rough seas during a trip from China to Los Angeles caused the
loss, the latest in a series of weather-related accidents at sea
affecting millions of dollars in cargo.
Ford, GM Stocks Rally on Electric-Vehicle Enthusiasm
Until lately, Detroit's auto makers haven't benefited much from
Wall Street's fixation with electric and driverless cars, but
shares of both Ford and GM are both up about 35% so far this
Facebook Refers Trump Suspension to Oversight Board
The social-media company said a decision from its independent
panel on the matter-the biggest issue it has tackled since being
set up last year-would be binding.
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.
(END) Dow Jones Newswires
January 21, 2021 19:15 ET (00:15 GMT)
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