News Highlights: Top Company News of the Day
Standard Chartered 2020 Pretax Underlying Profit Dropped 40%
Standard Chartered said its profit fell 40% in 2020, as sharply
higher credit impairments and weak interest rates hurt
profitability in a pandemic-struck year.
Autonomous Trucking Startup TuSimple Plans to Go Public in March
Autonomous trucking company TuSimple, which gained momentum with
hundreds of millions of dollars in financing from Chinese investors
and U.S. freight-hauling companies, has filed paperwork to go
WeWork Co-Founder to Get Extra $50 Million in SoftBank Settlement
WeWork co-founder and former CEO Adam Neumann is set to reap an
extra $50 million windfall and other benefits as part of an
agreement to settle a bitter dispute he and other early WeWork
investors have waged with SoftBank, according to people familiar
with the matter.
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
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.
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.
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
Verizon Spends $45.5 Billion to Top 5G Spectrum Bidders
The cellphone carrier pledged a record sum to secure airwaves
for faster wireless service in a $81 billion FCC auction.
(END) Dow Jones Newswires
February 25, 2021 01:15 ET (06:15 GMT)
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