News Highlights: Top Company News of the Day
20 January 2021 - 4:30AM
Dow Jones News
Wimkin Removed From Google Play
Takedown follows the suspension of the small social-media
network from Apple's App Store last week, also for posts deemed to
incite violence.
Netflix Tops 200 Million Subscribers for the First Time
The streaming giant said it added 8.5 million subscribers in the
fourth quarter, ending last year with an additional 37 million
altogether.
Moderna CEO Expects 100 Million Vaccine Doses by End of March
The drugmaker is on track to help meet President-elect Joe
Biden's goal for his first 100 days in office, Chief Executive
Stéphane Bancel said.
BHP Flags Up to $1.25 Billion Impairment Charge
BHP Group said it produced more iron ore but less coal, copper
and petroleum in the first half of its fiscal year, as it flagged
an impairment charge of between $1.15 billion and $1.25 billion
against an Australian coal unit.
Electric-Truck Maker Rivian Raises $2.65 Billion Ahead of First Vehicle Launch
The startup backed by Amazon and Ford is valued at $27.6 billion
amid a continuing tear for electric-vehicle companies.
New Stellantis CEO Plans More Distinctive Vehicle Brands
Carlos Tavares outlined his vision for the newly combined auto
maker, saying he would preserve factories, draw more distinctions
between brands and reassess troubled operations in China.
Judge Approves Mallinckrodt to Reimburse Creditor Fees
Reimbursing professional fees is part of the restructuring
support agreement Mallinckrodt hopes will serve as the foundation
for resolving thousands of lawsuits accusing the drugmaker of
helping fuel the opioid epidemic.
Tech Executives Look to New Administration to Undo Rules Blocking Talent
Among the hopes: more approvals of H-1B visas, a popular vehicle
for staffing IT teams.
High Court Weighs FCC Rollback of Restrictions on Media Ownership
The Supreme Court stepped into the middle of a battle over
federal limits on media ownership in local markets.
Banks Need a Pickup in Loans to Prosper
Things may improve for banks, but without loan demand, revenue
growth will still be hard to come by.
(END) Dow Jones Newswires
January 19, 2021 23:15 ET (04:15 GMT)
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