News Highlights: Top Company News of the Day
Facebook, Google Face 'Strong Pipeline' of Privacy Rulings in Europe
The privacy regulator overseeing Facebook, Google and Apple in
the European Union expects to boost its tally of big tech decisions
this year-and rejects complaints that its enforcement has been too
Citi Faces Hurdles to Retrieving $500 Million Revlon Goof
Citigroup, though facing obstacles, still has options to try to
recoup roughly $500 million wired by accident to Revlon lenders,
legal experts say.
GameStop Shares Soar in Last Hour of Trading
The stock was halted twice for volatility before finishing at
$91.71. It last closed around that level on Feb. 3.
Boeing-FAA Ties Still Flawed After 737 MAX Reforms
Aviation regulators need to strengthen their oversight of
aircraft safety even after reforms undertaken in the wake of the
two Boeing 737 MAX crashes, a government report has concluded.
Volvo, Geely Back Away From Merger
The two auto makers said they would combine their engine and
transmissions business after opting not to merge, renewing
speculation that Volvo could pursue a public listing.
Israeli Study Finds Pfizer Shot Equally Effective for Young and Old
The Covid-19 vaccine from Pfizer and BioNTech is equally
effective across all age groups, including those over 60, according
to a new Israeli study, in a boost of confidence to global vaccine
Moderna Says New Variant Vaccine Is Ready for Human Testing
The biotech company has sent the NIH a first batch of doses of
its newly designed shot that targets the coronavirus strain first
identified in South Africa.
Icon to Buy Clinical-Trial Rival PRA in $12 Billion Deal
Icon PLC's $12 billion deal to acquire a rival, PRA Health
Sciences, would create a contract research powerhouse and expand
the role of technology in clinical trials and drug development.
Petrobras Profit Soars on Change to Valuation of Assets
Brazilian oil company Petróleo Brasileiro SA, or Petrobras, said
profit jumped in the fourth quarter as it reversed an impairment it
had made because of the drop in the price of oil at the start of
the coronavirus pandemic.
Qantas Reports Large 1H Net Loss
Australia's biggest airline, Qantas Airways, nosedived to a
substantial half-year loss as the coronavirus pandemic continued to
restrict global travel.
(END) Dow Jones Newswires
February 24, 2021 21:15 ET (02:15 GMT)
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