News Highlights: Top Company News of the Day
Facebook Reaches Deal With Australia to Restore News
The government will make changes to legislation, including
requiring more negotiation before binding arbitration kicks in.
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.
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.
HSBC Sharpens Focus on Asia, Retreats From U.S.
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 and could sell its unprofitable U.S. retail
Allied Universal Makes Final Bid For G4S
G4S has recommended a GBP3.8 billion takeover by Allied
Universal Security, which the Canadian group said is its final
Aviva to Sell French Operation
Aviva is selling its French business to mutual insurer Aema for
EUR3.2 billion in cash and will use the proceeds for general
corporate purposes, including cutting debt and investing in
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
(END) Dow Jones Newswires
February 23, 2021 05:15 ET (10:15 GMT)
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