News Highlights: Top Company News of the Day
Apollo CEO Leon Black to Step Down Following Probe of Epstein Ties
Leon Black will leave the top job at Apollo Global Management by
late July, following a review that found larger-than-expected
payments to Jeffrey Epstein but no evidence of involvement in his
Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management
Hedge fund Melvin Capital has been hit hard by a series of short
bets to start the year, down nearly 30% for 2021 through Friday,
people familiar with the firm said.
UPS to Sell Freight Trucking Business for $800 Million
United Parcel Service has agreed to sell its freight business to
rival TFI International, saying it plans to focus on the soaring
Kimmeridge Energy to Launch Proxy Fight at Ovintiv
The investment firm plans to launch a proxy fight at the
oil-and-gas producer, and will nominate three directors-including
Kimmeridge founder Ben Dell-to the company.
Bankruptcy Judge Approves $17 Million Fund for Harvey Weinstein Victims
Women who have accused Harvey Weinstein of sexual misconduct are
expected to receive hundreds of thousands of dollars or more on
average under the chapter 11 settlement.
Vimeo Raises $300 Million in Equity, Valuing Company at $5 Billion
The round was led by funds and accounts advised by T. Rowe Price
Associates Inc. and financial-services firm Oberndorf Enterprises
LLC. The new capital will be used to fuel its growth, innovation
and talent, Vimeo parent IAC/InterActiveCorp said Monday.
Moderna Developing Booster Shot Against Strain First Identified in South Africa
Moderna said its Covid-19 vaccine appeared to protect against
emerging strains in lab tests, but due to a weaker immune response,
the company will develop a booster shot targeting the variant first
identified in South Africa.
Google Pursues Plan to Remove Third-Party Cookies
The Alphabet unit is pushing forward with its plan to remove a
widely used tracking technology from its Chrome web browser,
despite complaints from rivals that rely on it to target ads at
Kimberly-Clark Stock Gains on Earnings, Dividend Increase
The results highlight how consumers are still flocking to
trusted brands during the Covid-19 pandemic.
Business Insider Did Nothing When the Pandemic Hit. It Worked.
The business-news publisher generated 30% revenue growth in 2020
despite the Covid-19 crisis, largely thanks to subscriptions and
(END) Dow Jones Newswires
January 25, 2021 23:15 ET (04:15 GMT)
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