News Highlights: Top Company News of the Day
October 06 2021 - 3:15PM
Dow Jones News
NBCUniversal Names Kelly Campbell as Peacock's President
The appointment of the former Hulu chief comes as the
one-year-old streaming platform seeks to boost subscribers and
content.
Cathie Wood to Move Investment Manager ARK to Florida
The asset-management firm plans to close its New York
headquarters this month and relocate to the Sunshine State.
Facebook Slows New Products to Examine Possible Impact
Executives at the company also put a hold on some work on
existing products while more than a dozen people are involved in
conducting "reputational reviews" to examine how Facebook may be
criticized and to ensure products don't adversely affect
children.
GM Sets Ambitious Revenue Target, Challenges Tesla With Electric SUV
The Detroit auto maker aims to more than double revenue by 2030
and plans to debut a new entry-point electric vehicle priced at
$30,000.
Twitch Hack Reveals How Much Revenue the Platform's Biggest Streamers Make
The leak on the 4chan online chat forum seems to involve source
codes and creator payouts from the the Amazon-owned streaming
company.
BlackRock Is Adding Annuities to 401(k)s
The investment giant said five employers have signed up for a
new retirement product that will allow workers to receive a stream
of payments for the rest of their lives.
Google Rolls Out Emission-Curbing Tools for Nest Thermostat
The company says changing people's behavior around energy use
will become crucial as more power comes from intermittent renewable
energy sources.
Twin Health Gathers $140 Million to Tackle Metabolic Diseases
Venture capitalists have supplied $140 million in new funding to
Twin Health Inc., a startup using patient data and artificial
intelligence to help people with Type 2 diabetes overcome the
disease.
KKR-Backed PHC Holdings Plans $740.6 Million Initial Public Offering
KKR & Co.-backed PHC Holdings Corp. plans to sell shares
worth 82.55 billion yen ($740.6 million) in an initial public
offering.
Wine Deal Making Surges as Investors Look Past Covid-19 Woes
Deal makers have targeted the wine industry, as investors bet on
rising prices for winery acreage despite a Covid-19 hit to demand
for the beverage.
(END) Dow Jones Newswires
October 06, 2021 15:00 ET (19:00 GMT)
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