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 debt.

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 Centerbridge Partners.

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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