News Highlights: Top Company News of the Day
Amazon Adding 75,000 Workers
Amazon.com is hiring 75,000 workers and offering $1,000 signing
bonuses in some locations, the latest hiring spree in what has been
a year of tremendous growth.
Alibaba Logs Higher Quarterly Sales but Posts Loss on Antitrust Fine
Alibaba's sales rose, but a large fine imposed by China's top
market regulator after an investigation into anticompetitive
practices weighed on the company's bottom line.
McDonald's Raises Pay for U.S. Restaurant Workers
McDonald's said it would increase pay for employees at
company-owned restaurants in the U.S., one of the latest companies
to bolster wages and benefits as they struggle to hire workers.
Banks Plan to Issue Credit Cards to People With No Credit Scores
Some of the largest U.S. banks plan to start sharing data on
customers' deposit accounts as part of a government-backed
initiative to extend credit to people who have traditionally lacked
opportunities to borrow.
PayPal Plans to Shift Core Applications to Google Cloud
The migration is part of the digital payments company's ongoing
move to host all its applications in the public cloud.
Yelp Ramps Up Spending on Ad Products to Boost Revenue
Yelp is expanding its advertising tools to help plumbers, movers
and other service providers connect with customers online as the
business-listings company looks to grow after a pandemic
SoftBank Pulls Back From Funding 'Nasdaq Whale'
SoftBank is pulling back from an investment unit it set up last
year whose bets on publicly traded technology stocks were so large
they earned the Japanese investor the nickname "Nasdaq whale."
Blackstone Swoops Into San Diego to Buy Low-Cost Housing
The deal would transfer about 5,800 apartments to Blackstone's
Vaccine Patent Waivers Deserve a Warning Label
The Biden administration's move to suspend patents on Covid-19
vaccines opens up a major risk to the way the drug industry does
FAA Approves Boeing 737 MAX Electrical Fixes
Boeing received approval from U.S. air-safety regulators for
fixes to an electrical problem that has grounded more than 100 of
its 737 MAX jets.
(END) Dow Jones Newswires
May 13, 2021 11:00 ET (15:00 GMT)
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