News Highlights: Top Company News of the Day
Big Oil Faces Off Against Clean-Energy Giants
Competition for renewable assets is heating up as BP, Shell and
Total rush into a sector dominated by more experienced utility
Fidelity's Assets Under Management Rise to $3.8 Trillion
A surge in interest from individual investors spurred activity
at the money manager in 2020.
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 recently
approved single-shot vaccine.
Kohl's Is 'Way Ahead' of Activist Investors, CEO Says
Retail chain said it would restart share buybacks and dividend
and spend at least $550 million on capital expenditures during new
SoftBank-Backed Greensill Faces Another Fund Freeze
Swiss fund manager GAM Holding froze an $842 million fund that
invests in assets from embattled startup Greensill Capital, which
is pursuing talks to sell a large part of its business.
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.
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.
(END) Dow Jones Newswires
March 02, 2021 13:15 ET (18:15 GMT)
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