News Highlights: Top Company News of the Day
Ant Group Boss Tries to Quell Employee Discontent With Promise of Eventual IPO
The executive chairman also said the company would look for ways
to help workers monetize some of their shares after the company was
forced to call off its listings.
J&J Covid-19 Vaccine Shipments to States Start
Trucks have set out from distribution centers, putting the first
use of Johnson & Johnson's single-dose vaccine on track to
Greensill Capital Faces Possible Insolvency After Credit Suisse Suspends Funds
The SoftBank-backed lender has hired restructuring advisers and
could file for insolvency within days, people familiar with the
matter said, after Credit Suisse suspended $10 billion in
Zoom Foresees Robust Growth Even as Pandemic Pressures Ease
The videoconferencing software provider also said its revenue
more than quadrupled to $2.65 billion in its latest fiscal year as
lockdowns drove demand for its service.
IBM Names Research Veteran as CIO
International Business Machines Corp. named a new chief
information officer, as the 109-year-old company works to revamp
growth by focusing on artificial intelligence and hybrid-cloud
Walmart Diversification Goes Into Overdrive With Goldman Hires
Walmart signals it is getting serious about financial
technology, even as it is expanding into online advertising and
Twitter Expands Use of Enforcement System to Covid-19 Falsehoods
Twitter users who repeatedly tweet coronavirus misinformation
face a ban from the site under the new policy.
Tailored Brands Offered Rescue Loan Amid Declining Business
Tailored Brands Inc., the parent company of apparel retailers
Men's Wearhouse and Jos. A. Bank, needs a financial lifeline
roughly three months after emerging from bankruptcy, as business
continues to decline during the Covid-19 pandemic.
South Korean Battery Makers Pitch White House About Georgia Factory
SK Innovation wants the Biden administration to reverse a trade
ruling it lost to rival LG Chem involving a factory project seen as
key to the electric-car plans of Ford and Volkswagen.
Streaming Business MobiTV Files for Bankruptcy With T-Mobile Financing Lined Up
The Emeryville, Calif.-based software company entered chapter 11
proceedings in the U.S. Bankruptcy Court in Wilmington, Del., with
total assets of $19 million and liabilities of $75 million.
(END) Dow Jones Newswires
March 02, 2021 03:15 ET (08:15 GMT)
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