News Highlights: Top Company News of the Day
Home Depot Posts Strong Sales Growth
Quarterly revenue rose 25% from the comparable year-earlier
quarter, but the company's finance chief said that the trend could
flatten this year.
Marriott Names Tony Capuano as New CEO
The 25-year veteran takes over the top spot after former Chief
Executive and President Arne Sorenson died last week and as the
hotel sector is still reeling from the effects of the pandemic.
To Make More Covid-19 Vaccines, Rival Drugmakers Team Up
Sanofi and Novartis are among the big pharmaceutical companies
that have agreed to help make a competitor's shots.
Hot Housing Market Fuels Battle for CoreLogic
CoreLogic, once a sleepy data firm, is the focus of a takeover
battle as the hot housing market drives up the value of home- and
Twitter's High Hopes for India Waver Under Government's Heavy Hand
Twitter's relationship with the Indian government is getting
rockier as New Delhi increases its requests to block users.
Facebook Reverses Australia News Ban
The company reached a deal with the Australian government to
restore news pages to its platform. The agreement includes changes
to legislation requiring more negotiations before arbitration kicks
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.
Spotify Needs to Sing Every Tune
The music-streaming giant Spotify's new ventures in podcasting,
advertising and artist promotion have a high bar, as valuation has
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, a global bank ensnared by tensions between China
and the West, is doubling down on Asia, shifting capital, jobs and
investment to the region as it pulls back from the U.S. and
(END) Dow Jones Newswires
February 23, 2021 11:00 ET (16:00 GMT)
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