News Highlights: Top Company News of the Day
January 24 2021 - 11:30PM
Dow Jones News
Chinese Video-App Firm Kuaishou Launches $5.4 Billion IPO in Hong Kong
Chinese video-clip and live-streaming group Kuaishou Technology
is seeking to raise up to $5.4 billion from an initial public
offering, joining a string of tech companies from China that have
listed in Hong Kong.
NCR Is Nearing a Deal to Buy ATM Operator Cardtronics
NCR is finalizing a takeover that would value Cardtronics at $39
a share, or around $1.7 billion, outbidding a pair of investment
firms that had earlier agreed to buy the ATM operator.
Big Tech Tops Lobbying Spending
Facebook and Amazon boosted their federal lobbying expenditures
last year as Big Tech braced for a new administration in the White
House and new scrutiny of their business practices.
China Evergrande New Energy Vehicle Surges on Share Placement Plans
Shares of China Evergrande New Energy Vehicle Group Ltd. surged
after the company said it has lined up investors for a US$3.35
billion share placement
AstraZeneca's Vaccine Shortfall Threatens EU Plans to Boost Inoculations
The drugmaker expects to deliver tens of millions fewer Covid-19
vaccine doses than planned to the EU in coming months, threatening
the continent's efforts to increase vaccinations and delivering a
fresh reputational blow to the company.
Cryptocurrency Startup's Future Hinges on SEC Case
Ripple, the San Francisco company headed by Brad Garlinghouse,
says its signature product, known as XRP, is a currency that
shouldn't be subject to securities laws.
Tech Giants Apple, Microsoft and Tesla Headline Busy Earnings Week
Tech giants Microsoft, Apple and Tesla will be among the
companies headlining a busy earnings week, shedding more light on
how businesses performed at the end of 2020 as Covid-19 cases
rose.
Samsung Eyes Investing Up to $17 Billion in New U.S. Chip Plant
The South Korean electronics giant is scouting locations in
Texas, Arizona and New York for a semiconductor plant.
CrowdOut Capital Seeks Takeover of Bankrupt Entertainment Chain Punch Bowl
The biggest lender to bankrupt Punch Bowl Social wants a chapter
11 trustee to take control of the entertainment chain.
Hunts Point Produce Market Reaches Deal With Workers, Ending Strike
The Teamsters, representing 1,400 produce handlers and delivery
drivers, approved the three-year contract with owners of the Bronx
market that supplies a quarter of New York City's fresh
produce.
(END) Dow Jones Newswires
January 24, 2021 23:15 ET (04:15 GMT)
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