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 operations.

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 offer.

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 long-term growth.

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.


(END) Dow Jones Newswires

February 23, 2021 05:15 ET (10:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.