Exxon Adds Two New Board Members Amid Activist Pressure

Michael Angelakis and Jeffrey Ubben have joined the energy giant's board amid pressure from a pair of activist investors.

 
Texas Blackout Bills Plunge Power Supplier Brazos Into Bankruptcy

Texas's largest electric-power cooperative filed for bankruptcy, saying it is overwhelmed by the more than $2.1 billion in sudden bills stemming from the extreme winter weather that blanketed the state last month.

 
J&J Covid-19 Vaccine to Start Arriving as Soon as Tuesday, Administration Says

An initial supply of nearly 4 million doses of Johnson & Johnson's single-shot Covid-19 vaccine will be delivered as early as Tuesday morning, Biden administration officials said, with 16 million more by the end of March.

 
Twilio to Invest Up to $750 Million in Syniverse

The cloud-communications company's investment in Syniverse Technologies is a precursor to a public listing for the private-equity-owned messaging provider.

 
Credit Suisse Suspends $10 Billion in Funds Tied to SoftBank-Backed Greensill

The Swiss lender said it suspended a group of private investment funds that contain $10 billion in assets from SoftBank-backed specialty-finance company Greensill Capital.

 
CAE to Buy L3Harris's Military-Training Business

CAE agreed to buy L3Harris Technologies' military-training division for $1.05 billion, in a move that would expand the Canadian aerospace company's defense business.

 
Rocket's Mortgage Engine Is Still Running Hot

There are some strong emerging headwinds for mortgage lenders right now, but Rocket appears to be navigating through them better than expected.

 
Biden Backs Amazon Workers' Push to Unionize in Alabama

The president expressed his support for thousands of Amazon warehouse employees who are voting in a union election: "The choice to join a union is up to the workers."

 
Rocket Lab Reaches Deal to Merge With Vector SPAC

The deal would take the space-transportation startup public, valuing it at around $4.1 billion.

 
SoftBank Reaches $1.6B Settlement with Neumann, WeWork Committee

SoftBank Group said that it had reached a $1.6 billion settlement agreement with WeWork co-founder Adam Neumann and the special committee of WeWork's board.

(END) Dow Jones Newswires

March 01, 2021 11:15 ET (16:15 GMT)

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