News Highlights: Top Company News of the Day
25 February 2021 - 10:15AM
Dow Jones News
Facebook, Google Face 'Strong Pipeline' of Privacy Rulings in Europe
The privacy regulator overseeing Facebook, Google and Apple in
the European Union expects to boost its tally of big tech decisions
this year-and rejects complaints that its enforcement has been too
slow.
Netflix Wants You to Binge Watch More Korean Dramas
Netflix will invest $500 million this year in South Korean films
and TV series, tapping one of Asia's cultural powerhouses as global
competition for viewers attracts more rival services and expands
beyond American content.
Autonomous Trucking Startup TuSimple Plans to Go Public in March
Autonomous trucking company TuSimple, which gained momentum with
hundreds of millions of dollars in financing from Chinese investors
and U.S. freight-hauling companies, has filed paperwork to go
public.
Boeing-FAA Ties Still Flawed After 737 MAX Reforms
Aviation regulators need to strengthen their oversight of
aircraft safety even after reforms undertaken in the wake of the
two Boeing 737 MAX crashes, a government report has concluded.
AB InBev Sees Better 2021 as Profits Beat Hopes
AB InBev posted fourth-quarter normalized earnings of $5.07
billion, much better than the consensus forecast, and said it
expects profits to improve this year.
Standard Chartered Underlying Profit Drops 40%
Standard Chartered said its pretax underlying profit fell to
$2.51 billion in 2020, as sharply higher credit impairments and
weak interest rates hurt profitability in a pandemic-struck
year.
Anglo American Profit Tops Consensus After Second-Half Recovery
Anglo American said underlying earnings dropped 2% to $9.80
billion in 2020, above consensus, suggesting a strong recovery in
the second half of the year.
Moderna Says New Variant Vaccine Is Ready for Human Testing
The biotech company has sent the NIH a first batch of doses of
its newly designed shot that targets the coronavirus strain first
identified in South Africa.
Amazon Faces Questions Over Removal of Book by Conservative Author
In a letter to Jeff Bezos, a group of Republican senators said a
book by conservative scholar Ryan T. Anderson, "When Harry Became
Sally: Responding to the Transgender Moment," was no longer
available on the platform.
WeWork Co-Founder to Get Extra $50 Million in SoftBank Settlement
Adam Neumann is set to reap an extra $50 million and other
benefits as part of an agreement to settle a bitter dispute he and
other early WeWork investors have waged with SoftBank, according to
people familiar with the matter.
(END) Dow Jones Newswires
February 25, 2021 05:00 ET (10:00 GMT)
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