News Highlights: Top Company News of the Day
Rio Tinto Chairman to Step Down Over Destruction of Ancient Caves
Rio Tinto said Chairman Simon Thompson would step down because
of its destruction of two ancient rock shelters in Australia last
year, bowing to demands from some investors for greater
accountability for the incident.
Private-Equity Group Led by BayPine Nears Deal to Buy Mavis Express Tire Services
A group of private-equity firms led by BayPine is nearing a deal
to buy Mavis Express Tire Services in a transaction that would
value the auto-service chain at around $6 billion including
Microsoft Warns of Chinese Hackers Targeting Email Product
The company said Tuesday that the group, which it calls
"Hafnium," is targeting vulnerabilities in versions of Exchange
Server, an email and calendar application that runs on computer
systems in physical offices. Hafnium previously has tried to steal
information from infectious disease researchers, law firms, defense
contractors and others, Microsoft said.
Greensill Problems Build as Regulator Watches Over Banking Unit
Pressure mounted on the embattled SoftBank-backed financial firm
as it scrambled to sell core parts of its business and regulators
intensified supervision of its banking unit.
Doses of AstraZeneca's Covid-19 Vaccine Pile Up in Europe
Europe's reluctance to distribute millions of doses of the
company's vaccine is coming under pressure after the French
government authorized use of the shot for some older people.
Exxon Mobil to Cut 7% of Workforce in Singapore
Exxon Mobil Corp. said it would cut about 300 positions at its
Singapore affiliate by the end of this year, citing unprecedented
market conditions due to the pandemic.
Data-Integrity Company Precisely Gains New Majority Owners in $3.5 Billion Deal
Private-equity firms Clearlake Capital Group-which first backed
the company in 2015-andTA Associates are taking control from
Fidelity's Retail Investor Accounts Rise 17% to 26 Million
A surge in interest from individual investors spurred activity
at the money manager in 2020.
Hedge-Fund Manager Thomas Sandell Pays $105 Million New York Tax Settlement
The New York attorney general's office said the agreement over
alleged efforts to evade taxes amounts to the state's largest-ever
recovery under the False Claims Act.
Six Dr. Seuss Books Are Dropped After Review Finds Imagery Offensive
The decision won't affect Dr. Seuss's best-known works, which
publisher Random House Books for Young Readers and several
booksellers said would remain available to customers.
(END) Dow Jones Newswires
March 03, 2021 03:15 ET (08:15 GMT)
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