News Highlights: Top Company News of the Day
Starboard Takes Elanco Stake, Nominates Three to Its Board
Activist investor Starboard has taken a stake in Elanco Animal
Health and nominated three directors to the company's board,
according to people familiar with the matter.
Jeep-Owner Stellantis Is Open to Dropping Cherokee Name
CEO Carlos Tavares said the auto company is holding talks with
the Cherokee Nation over use of the Native American tribe's name in
Jeep's line of vehicles.
FedEx Delivery Delays Stretch for Weeks After Storms Hit Memphis Hub
Customers gripe, but the company says it is adding shifts and
expects service to return to normal by the end of the week.
Starbucks, Target Among Companies to Still Mandate Masks in Texas Despite Lift on Covid-19 Restrictions
Some of the biggest U.S. retail, theater, hotel and restaurant
chains said they will continue mandating masks and limiting
capacity in Texas after the state drops Covid-related restrictions
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
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.
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
(END) Dow Jones Newswires
March 03, 2021 15:15 ET (20:15 GMT)
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