News Highlights: Top Company News of the Day
Southwest Airlines CEO to Step Down in February
Gary Kelly, who has served as chief executive since 2004, will
be succeeded by Robert Jordan, a 60-year-old Southwest
Store Brands Could Make a Name for Themselves This Year
After a boost from the 2008 recession, private-label food has
seen stagnating market share. This year could change that.
Amazon, Others Race to Buy Up Renewable Energy
The race to secure electricity deals for power-hungry data
centers has tech companies reshaping the renewable-energy market
and grappling with a new challenge: how to ensure their investments
actually reduce emissions.
Chinese EV Maker XPeng Plans to List in Hong Kong
The rival to NIO is targeting a July debut and aims to raise up
to $2 billion, a person familiar with the situation said.
Apple's Fight for Control Over Apps Moves to Congress and EU
The company is stepping up its fight to maintain tight controls
over which apps can be installed onto customers' iPhones, as
political pressure grows in Washington, D.C. and Brussels to upend
SoftBank Latin America Fund Leads $28 Million Atom Finance Funding Round
The deal, a bet on the retail investing boom, values the startup
around $150 million.
Uber, Lyft Drivers Race to Apps That Make Contract Work a Better Gig
Gig workers are adopting apps to track pay, monitor events and
dispute complaints amid a patchwork of regulatory efforts.
Vizio Looks to Boost Software Business With IPO Cash
Vizio Holding is ramping up investment in its software business
amid growing consumer demand for streaming content
Jack Ma's Ant in Talks to Share Data Trove With State Firms
Ant Group is in talks with Chinese state-owned enterprises to
create a credit-scoring company that will put the fintech giant's
proprietary consumer data under regulators' purview.
Blue Owl, Newest Private-Equity Creation, Sees Wisdom in Simplicity
The company gets all of its earnings from management fees,
avoiding the less predictable performance-related income to which
public investors typically assign a lower value.
(END) Dow Jones Newswires
June 23, 2021 11:15 ET (15:15 GMT)
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