News Highlights: Top Company News of the Day
Biden to Announce Merck Will Help Make Johnson & Johnson Vaccine
The assistance from a competitor will help speed up production
of the single-shot vaccine that was recently approved by the
Target Keeps Growing at Rivals' Expense
The retailer's holiday sales rose solidly during the latest
quarter, capping off a year when revenue increased more than it had
in the previous 11 years combined.
Kohl's Restarting Stock Buybacks, Dividend Amid Activist Pressure
The department-store chain, which is facing pressure from a
group of shareholders, said it also plans to spend at least $550
million on capital expenditures during new fiscal year.
Hertz Floats Bankruptcy Exit Led by Certares, Knighthead
The rental car company also wants to exploit favorable debt
markets to exit bankruptcy by the end of the second quarter.
Google Working With Allianz and Munich Re on Cyber Insurance
The insurers will take data directly from Google Cloud on
request to help them determine pricing for companies seeking
CVS, Walgreens Look for Big Data Reward From Covid-19 Vaccines
Chains are collecting data from millions of customers as they
sign up for shots, enrolling them in patient systems and having
recipients register customer profiles.
Facebook's Hardball Move in Australia Comes With Risks
Facebook won concessions from the Australian government, but the
news blackout could prompt further scrutiny as other countries
consider requiring the company to pay for news.
Regional Bank Stocks Rise as Bond Yields Climb
The yield on the 10-year Treasury rose to 1.459% in February,
the largest one-month gain since 2016. That rise has also been good
for bank stocks, since higher rates typically mean higher
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.
Puff Bar Defies Fruity E-Cigarette Crackdown
In an effort to sidestep FDA rules on fruity, disposable
vaporizers, e-cigarette brand Puff Bar says it is using nicotine
that isn't derived from tobacco.
(END) Dow Jones Newswires
March 02, 2021 09:15 ET (14:15 GMT)
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