News Highlights: Top Company News of the Day
May 05 2021 - 3:30PM
Dow Jones News
Carson Block Calls for Delisting of Many Chinese Firms in U.S.
'We have...roughly 400 companies from China listed in the U.S.
that are literally beyond the reach of investigation and
enforcement,' the Muddy Waters founder said.
Google Adopts Hybrid Workweek, With 20% of Its Employees to Work Remotely
Google is adopting a hybrid workweek, allowing 20% of employees
to work remotely, according to a company email, with most employees
spending three days in the office and two days working
elsewhere.
Peloton Recalls All Treadmills as CEO Apologizes
The exercise-equipment maker's decision came after the company
had refused to comply with federal regulators who pushed for the
move weeks ago and said the product was responsible for dozens of
injuries and at least one death.
Facebook Panel Upholds Trump Ban but Orders Review
The independent panel ruled that the social-media company was
justified in banning Donald Trump's account after the U.S. Capitol
riot, but in coming months Facebook must decide whether the former
president is permanently locked out of the platform.
GM Shows Up Ford
The largest Detroit car maker seems to be cruising through the
chip crisis without as many problems as its peers, but it is
already an investor darling.
Canada Authorizes Pfizer-BioNTech Covid-19 Vaccine for Children 12 to 15
The decision marks the first time a Covid-19 vaccine will be
available for children in North America, and comes as the U.S. and
Europe are weighing similar requests.
New York Times Subscriber Gains Slow in First Post-Trump Quarter
New York Times Co. said its revenue rose 6.6% in the first
quarter, even as digital-subscriber additions slowed sharply in the
months since former President Donald Trump left office.
Bill Gates's Firm Transferred $1.8 Billion in Stock to Melinda Gates
Cascade Investment transferred to Ms. Gates shares of Canadian
National Railway worth about $1.5 billion and AutoNation stock
valued at more than $300 million.
Biden Blocks Trump-Era Gig-Worker Rule
The Labor Department said it is nullifying a rule that sought to
make it more difficult for a gig worker to be counted as an
employee under federal law covered by federal minimum-wage and
overtime regulations.
Maersk Posts Record Profit, Steps Up Buyback Program
A.P. Moller-Maersk said it would launch a roughly $5 billion
share-buyback program as unrelenting demand for manufactured goods
helped the Danish shipping company post a record profit for the
first quarter.
(END) Dow Jones Newswires
May 05, 2021 15:15 ET (19:15 GMT)
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