News Highlights: Top Company News of the Day
U.S., EU Suspend Tariffs Imposed in Boeing-Airbus Dispute
The U.S. and the European Union agreed Friday to suspend tariffs
on wine, luggage, produce and other goods related to a longstanding
dispute over government subsidies to Boeing and Airbus, in a sign
of easing trade tensions.
Broadcom's No-Cancel Culture
The chip maker is using its heft to hedge against double
ordering amid a global production shortage of semiconductors.
India Threatens Jail for Facebook, WhatsApp and Twitter Employees
The country is flexing its new powers over big platforms while
companies are counting on the world's second-largest population for
Norsk Hydro Sells Rolled-Products Business to KPS Capital Partners
The Norwegian energy and aluminum company agreed to sell the
business to U.S. private-equity firm KPS in a deal worth $1.66
Volkswagen Core Brand Accelerates E-Mobility Shift
Volkswagen said that its namesake brand plans to increase the
share of fully-electric-vehicle sales in Europe to more than 70% by
Hollywood Eyes Recovery as Movie Theaters Reopen in New York City and San Francisco
With movie theaters in two major box-office markets poised to
reopen this weekend, the industry is hoping consumers are ready to
go to the movies again
Reddit Names Its First Finance Chief
Drew Vollero previously led social-media company Snap through
its public listing.
U.S. Blacklisted China's Xiaomi Because of Founder's Award
The Defense Department labeled smartphone maker Xiaomi as a
company that supports China's military partly due to an award given
to its founder for his service to the state, along with Xiaomi's
ambitious investment plans in advanced technologies such as 5G and
Saks Owner to Separate E-Commerce and Stores
Insight Partners has put up $500 million for a minority stake in
Saks.com, valuing the business at $2 billion.
Costco, Kroger Deserve Some Respect
While pandemic-era sales growth won't be sustainable for major
grocers, pandemic-era efficiency gains will survive.
(END) Dow Jones Newswires
March 05, 2021 15:00 ET (20:00 GMT)
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