Fintech Startup Acorns to Go Public in $2 Billion SPAC Deal 
 

A merger deal with a special-purpose acquisition company values Acorns Grow, a digital savings and investing app, at about $2.2 billion.

 
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.

 
To Prevent the Supply Problems Ailing Chips, Plane Makers Are Boosting Demand 
 

Airbus's announcement that it will increase production is an important signal for hard-hit aerospace suppliers.

 
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.

 
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.

 
Eagle Hospitality Backers Face Possible Criminal Referral From Judge 
 

The bankruptcy judge overseeing the REIT's chapter 11 case says he would consider a possible criminal referral involving a Paycheck Protection Program loan application.

 
Shareholder of MDC Partners Opposes Merger With Stagwell 
 

One of MDC Partners' largest shareholders is opposing the advertising company's proposed merger with Stagwell Media, a private-equity fund focused on marketing services, saying the terms unfairly favor Stagwell's investors.

(END) Dow Jones Newswires

May 27, 2021 11:15 ET (15:15 GMT)