News Highlights: Top Company News of the Day
Shares of Joshua Kushner's Oscar Health Fall in Debut
The New York-based health insurer's stock made its debut at $36,
compared with its initial public offering price of $39 a share
FedEx to Invest $2 Billion in Bid for Carbon-Neutral Operations
The plan to eliminate carbon from package-and-delivery services
by 2040 will include moving to an electric fleet.
Parler Files New Lawsuit Against Amazon
The social-media platform popular among conservatives and other
right-wing users is continuing its dispute with the tech giant,
which cut services to Parler after the Jan. 6 Capitol riot.
Exxon, Once A Skeptic, Sees Profit in Capturing Carbon Emissions
Exxon Mobil says the time has come to turn capturing carbon
emissions into a real business, as it faces pressure from activists
to become a greener company.
Michaels to Go Private in Apollo Deal
Apollo Global Management's offer values the arts-and-crafts
retailer at $3.3 billion.
Rocket Stock Is the New Meme Trade. Move Over, GameStop.
The parent company of Quicken Loans surged 71% Tuesday, as
investors on Reddit's WallStreetBets tout the heavily shorted
Google to Stop Selling Ads Based on Web Browsing
The Alphabet company said that it plans next year to stop using
or investing in tracking technologies that uniquely identify web
users as they move from site to site across the internet.
Sands to Sell Las Vegas Properties for $6.25 Billion as It Focuses on Asia
The company's exit from the U.S. gambling destination comes as
the Covid-19 pandemic has roiled the casino industry.
Greensill Capital Planning to File for Insolvency in U.K. This Week
The embattled financial startup plans to file for insolvency as
it simultaneously moved toward a deal to sell its operating
business to Apollo Global Management. Germany's top financial
regulator referred matters related to the firm's banking unit to
Jeep Maker Stellantis Needs Some Tech Star Dust
The company formed from the merger of Fiat Chrysler and
Peugeot-owner PSA has a strong industrial story to tell investors
but a weak technological one.
(END) Dow Jones Newswires
March 03, 2021 13:15 ET (18:15 GMT)
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