News Highlights: Top Company News of the Day
Redfin Agrees to Buy RentPath for $608 Million
Real-estate brokerage Redfin Corp. has agreed to buy apartment
search site operator RentPath Holdings Inc. out of bankruptcy for
$608 million, in a deal that would combine operators of leading
U.S. property listing websites for purchasing and renting a
Honda Taps New CEO for Electric-Vehicle Push
The car company's new leader, Toshihiro Mibe, is poised to
accelerate Honda's move into EVs and build on its growing
partnership with General Motors.
Deere Sees Solid 2021 Profit Growth
Deere logged stronger sales and profit figures for the latest
quarter as revenue grew across the company's operating segments and
posted a forecast for strong year-over-year profit growth in the
2021 fiscal year.
Facebook Assailed in U.K., Canada After Australia News Blackout
Facebook removed news from its platform in Australia in response
to proposed legislation that could offer a model for other
countries that want to require big tech companies to pay publishers
for their content.
Hermès Shows Little Wear From Pandemic
Despite a threadbare ad budget and no price increases, the
French brand was the best performer in the luxury industry last
Uber Drivers Entitled to Workers Rights Including Minimum Wage, UK Supreme Court Rules
The U.K.'s top court ruled that a group of former Uber drivers
were entitled to a minimum wage and other benefits while working
for the company, dealing a setback to gig-economy firms in battles
world-wide over their employment model.
Hedge Fund Bridgewater Reshuffles Leadership Ranks
Among the changes, Chief Operating Officer Brian Kreiter is
leaving and Bridgewater is creating an investment committee to
broaden the decision making beyond founder Ray Dalio and the
co-chief investment officers.
Pfizer Shot Is Highly Effective After One Dose, Study Shows
The vaccine generates robust immunity after one dose and can be
stored in ordinary freezers instead of at ultracold temperatures,
according to new research and data released by the companies.
HSBC Doesn't Have to Give Documents to Huawei CFO, U.K. Judge Says
The U.K.-based financial institution doesn't need to hand over
banking documents requested by Huawei Chief Financial Officer Meng
Wanzhou as part of her effort to resist a U.S. extradition order,
London's High Court said.
KKR Executive Sees Progress in Push for Employee Stock Ownership
Giving a stake to workers makes them more engaged and creates a
stronger culture, according to Pete Stavros, the buyout firm's
co-head of private equity for the Americas.
(END) Dow Jones Newswires
February 19, 2021 15:15 ET (20:15 GMT)
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