News Highlights: Top Company News of the Day
Google Threatens Search Shutdown in Australia
Google said it would have no real choice but to shut down its
search engine in Australia if a proposed law requiring tech giants
to pay publishers for news isn't changed.
Paramount+ Marketing Push Will Rely Heavily on ViacomCBS Networks
ViacomCBS Inc. will begin a 13-week marketing campaign for its
coming Paramount+ streaming service with advertising during the
National Football League's AFC Championship game this Sunday,
followed by ads during the Super Bowl, the Grammy Awards, the
Masters and March Madness.
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
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.
Excelsior Energy Aims to Become a Renewable-Energy Aggregator
Excelsior Energy Capital is deploying its $504 million debut
fund by investing in renewable energy assets and then aggregating
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.
Amazon Needs Electric Vehicles, Too
In the frothy electric vehicle sector, companies focused on
parcel-delivery vans have a stronger business case than most.
TikTok Rival's IPO Could Value It Near $100 Billion
TikTok was one of the most talked about apps in 2020, and though
its largest competitor in China, Tencent-backed Kuaishou, hasn't
received as much scrutiny abroad, it could still make a splash in
American Eagle Outfitters CFO Seeks to Provide Investors With Additional Insights
Clothing retailer American Eagle Outfitters will start breaking
out results for its namesake and Aerie brands separately as its
businesses are growing at different speeds and investors seek
Cnooc Shares Fall as Removal From MSCI Indexes Looms
Cnooc's shares fell sharply after index provider MSCI said it
would delete the Chinese oil major from some indexes to comply with
a Trump administration blacklist.
(END) Dow Jones Newswires
January 22, 2021 11:15 ET (16:15 GMT)
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