News Highlights: Top Company News of the Day
Merck to Help Johnson & Johnson Make Its Covid-19 Vaccine
The assistance from a competitor, to be announced by President
Biden on Tuesday, will help speed up production of the single-shot
vaccine that was approved by the FDA on Saturday.
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 Investor Group
After one of the largest Covid-19 debt defaults, the rental car
company 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.
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.
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
(END) Dow Jones Newswires
March 02, 2021 11:15 ET (16:15 GMT)
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