News Highlights: Top Company News of the Day
23 February 2021 - 12:30PM
Dow Jones News
Home Depot Posts Strong Sales Growth
Quarterly revenue rose 25% from the comparable preceding
quarter, but the company's finance chief said that the trend could
flatten this year.
Twitter's High Hopes for India Waver Under Government's Heavy Hand
Twitter's relationship with the Indian government is getting
rockier as New Delhi increases its requests to block users.
Facebook Reverses Australia News Ban
The company reached a deal with the Australian government to
restore news pages to its platform. The agreement includes changes
to legislation requiring more negotiations before arbitration kicks
in.
Boeing 777 Engines Made by Pratt & Whitney Already Faced New Scrutiny
U.S. air-safety regulators were considering whether to mandate
increased inspections of certain Pratt & Whitney engines before
one powering a United Airlines flight broke apart over a town near
Denver, the FAA said.
Spotify Needs to Sing Every Tune
The music-streaming giant Spotify's new ventures in podcasting,
advertising and artist promotion have a high bar, as valuation has
surged.
Lucid Motors Set to Go Public in SPAC Deal
The deal between Lucid, Churchill and other investors values the
electric-car company at $24 billion.
HSBC Sharpens Focus on Asia, Retreats From U.S.
HSBC Holdings, a global bank ensnared by tensions between China
and the West, is doubling down on Asia, shifting capital, jobs and
investment to the region as it pulls back from the U.S. and
Europe.
Allied Universal Makes Final Bid For G4S
G4S has recommended a GBP3.8 billion takeover by Allied
Universal Security, which the Canadian group said is its final
offer.
Aviva to Sell French Operation
Aviva is selling its French business to mutual insurer Aema for
EUR3.2 billion in cash and will use the proceeds for general
corporate purposes, including cutting debt and investing in
long-term growth.
WeWork's Neumann Nears Settlement With SoftBank
According to terms being discussed, SoftBank would spend roughly
$1.5 billion to buy the shares of early WeWork investors and
employees. Former CEO Adam Neumann would get $500 million.
(END) Dow Jones Newswires
February 23, 2021 07:15 ET (12:15 GMT)
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