HBSC Sharpens Focus on Asia 

HSBC Holdings, one of the world's largest banks, said it would pour about $6 billion of extra investment into Asia in the next five years, as it doubles down on its core business.

Facebook Reaches Deal With Australia to Restore News 

The social-media company said it reached an agreement with the Australian government to restore news pages to its platform after a disagreement over payment for content.

Lucid Motors Set to Go Public in SPAC Deal 

The deal between Lucid, Churchill and other investors values the electric-car company at $24 billion.

Boeing 777 Engines Made by Pratt & Whitney Already Faced New Scrutiny 

U.S. air-safety regulators were considering whether to mandate increased inspections of certain Pratt & Whitney engines before one powering a United Airlines flight broke apart over a town near Denver, the FAA said.

WeWork's Neumann Nears Settlement With SoftBank 

According to terms being discussed, SoftBank would spend roughly $1.5 billion to buy the shares of early WeWork investors and employees. Former CEO Adam Neumann would get $500 million.

Petrobras Shares Drop in Wake of Bolsonaro's Plan to Name New CEO 

The Brazilian president's move to install new leadership at the state-owned oil giant sparked a crisis of confidence in his administration's commitment to free-market policies.

Vegan Restaurant Chain By Chloe Taps Bankruptcy Lenders to Take Control 

The owner of vegan restaurant chain By Chloe has named its lenders as the lead bidders to acquire its assets out of bankruptcy, with hopes to get the proposed sale approved by next week.

Spotify to Expand Its Global Footprint, Adding 85 Markets 

The streaming company will be available in 36 additional languages as the new markets represent access to more than one billion people.

Goodyear to Buy Rival Cooper Tire for $2.8 Billion 

The cash-and-stock deal would create a company with more than 50 factories.

Carnival Seeks to Raise $1B Through Stock Offering 

Carnival said it seeks to raise $1 billion through a stock offering to fund its operations as it nears a year without passengers in the U.S.


(END) Dow Jones Newswires

February 23, 2021 01:15 ET (06:15 GMT)

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