News Highlights: Top Company News of the Day
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
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
Goodyear to Buy Rival Cooper Tire for $2.8 Billion
The cash-and-stock deal would create a company with more than 50
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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