News Highlights: Top Company News of the Day
27 May 2021 - 2:24PM
Dow Jones News
Fintech Startup Acorns Plans to Go Public in $2 Billion SPAC Deal
A merger deal with a special-purpose acquisition company values
Acorns Grow at about $2.2 billion, according to people familiar
with the matter.
HSBC to Exit Most U.S. Retail Banking
The bank will stop serving mass-market individual customers and
smaller businesses in the U.S., as it shifts its focus to wealth
management and international banking, especially in Asia.
Former WeWork Chief's Gargantuan Exit Package Gets New Sweetener
Nearly two years ago, SoftBank sought to part ways with WeWork
co-founder Adam Neumann when it bailed out the shared-office
company. It hasn't been an easy divorce.
Boeing to Pay FAA Penalties Tied to 737 Jet Production
A $17 million settlement comes as the agency has increased
scrutiny of the aircraft maker's manufacturing.
Blink Charging Taps Cash Pile in Electric Car Bet
The Miami Beach, Fla.-based company, which owns, operates and
supplies charging stations, raised about $221.4 million in the
January offering, taking advantage of investor enthusiasm for green
stocks. The share sale expanded Blink Charging's cash balance by
roughly eightfold.
Administration Taps Private Sector to Invest in Central America
Vice President Kamala Harris is set to unveil agreements with
Microsoft, Mastercard and others as part of an effort to ease a
surge of migrants at the southern border.
Prepare for Rapid Air Travel Rebound, Airbus Tells Industry
The plane maker laid out a long-term plan to return aircraft
production to pre-pandemic levels, putting its suppliers and
customers on notice that it is betting air travel, and jet demand,
will bounce back quicker than others expect.
Facebook Ends Ban on Posts Asserting Covid-19 Was Man-Made
Facebook has ended its ban on posts asserting Covid-19 was
man-made or manufactured, reflecting a deepening debate over the
origins of the pandemic.
Airbus Boosted by Revised Production Plans
Airbus shares rose more than 6% after the plane maker told
suppliers to prepare for a ramp-up in production as it struck an
upbeat tone on the recovery of the aviation industry from the
coronavirus pandemic.
Covid-19 Treatment From Vir, GlaxoSmithKline Is Authorized
The third antibody therapy cleared by the FDA is the latest
option for treating patients early in the course of the disease so
they can avoid hospitalization.
(END) Dow Jones Newswires
May 27, 2021 09:15 ET (13:15 GMT)
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