News Highlights: Top Company News of the Day
January 27 2021 - 11:30PM
Dow Jones News
Samsung Profit Gets Lift From Pandemic
The South Korean tech giant is contending with its de facto
leader Lee Jae-yong being back behind bars. And its rivals, for
handsets and semiconductors, are consolidating and getting
larger.
Pfizer Vaccine Works Against Mutations Found in U.K, South Africa Strains, Study Finds
The findings, while preliminary and not peer reviewed, are the
latest to suggest that Covid-19 vaccines can protect against the
variants.
EU Clashes With AstraZeneca Over Covid-19 Vaccine Shortfall
The European Union demanded that AstraZeneca stick to a
previously agreed schedule for delivering doses of its Covid-19
vaccine to the 27-nation bloc and, if necessary, supply the vaccine
from factories in the U.K.
European Regulator OK's 737 Max Return
Boeing Co. and some of its airline customers got an immediate
boost from Wednesday's ungrounding of 737 MAX jets across Europe,
but the move also portends more-stringent safety reviews of future
U.S. aircraft by the region's aviation regulator.
Rio Tinto Names Simon Trott as Iron Ore Chief Executive
Rio Tinto elevated an executive experienced in negotiating with
Chinese buyers to run its iron-ore business at a time of heightened
tensions between Canberra and Beijing.
American Financial to Sell Annuity Business to MassMutual for $3.5 Billion
American Financial said the transaction will mark its exit from
the fixed and indexed annuity market.
Microsoft's Security Business Swells to $10 Billion
Microsoft's security business surged to $10 billion in revenue
over the past 12 months, reflecting an uptick in cyber threats
during the coronavirus pandemic.
SAP CEO Shares New Plans to Boost Cloud Adoption
SAP Chief Executive Christian Klein says the enterprise-software
giant is redoubling its efforts to move customers to the cloud,
offering a new subscription service aimed at helping companies get
more value out of making the switch.
Las Vegas Sands Will Abide by Founder Sheldon Adelson's Vision
The global casino operator's new chief executive, Rob Goldstein,
says investments in Asia and expansion in the U.S. are next.
Stock-Market Frenzy Offers Some CFOs a Chance to Cash In
Some finance chiefs may hold off, as it takes time to prepare an
equity sale, and businesses risk raising the ire of regulators if
the share price crashes after a fundraising round.
(END) Dow Jones Newswires
January 27, 2021 23:15 ET (04:15 GMT)
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