Americans Won't Be Banned From Investing in Alibaba, Tencent, Baidu 
 

Alibaba, Baidu, and Tencent were among a dozen companies being examined for inclusion in a Defense Department list of firms deemed to support China's military, intelligence and security services.

 
GameStop Shares Surge After Traders Shift Bets, Board Gets Makeover 
 

Shares of GameStop jumped two days after the videogame retailer said it would remake its board and as investors who bet the stock would weaken shifted their positions.

 
Affirm Skyrockets in Trading Debut 
 

The buy-now, pay-later fintech firm jumped as high as $103 shortly after it began trading around midday, far above its initial offering price of $49.

 
Poshmark Set to Join IPO Boom 
 

The secondhand-goods marketplace is the latest e-commerce site to tap the buoyant initial public offering market, while the pandemic squeezes brick-and-mortar retailers.

 
Intel Ousts Chief Executive Bob Swan 
 

Swan will be replaced by VMware CEO Pat Gelsinger effective Feb. 15, after activist hedge fund Third Point had called for sweeping changes to revive the semiconductor giant's fortunes.

 
Apple Launches Projects for Minority Entrepreneurs 
 

The company is opening a software-developer academy in Detroit and investing in Harlem Capital in New York, part of the $100 million pledge to fight racism it made after the killing of George Floyd.

 
LSE's $15 Billion Refinitiv Deal Is Cleared by Regulator 
 

The approval of the deal by a key European regulator removes a hurdle in the LSE's bid to challenge other heavyweights offering financial data.

 
BlackRock's Most Powerful Woman Is Retiring 
 

Barbara Novick, who built a lobbying machine at the world's largest money manager, is taking a second stab at retiring after scrapping plans to do so after the pandemic hit.

 
Qualcomm Bolsters 5G Ambitions With Planned $1.4 Billion Acquisition 
 

The purchase of chip startup Nuvia, founded by Apple engineers, comes amid a chip deal-making frenzy.

 
Corner Store Owner Couche-Tard in Merger Talks With Europe's Carrefour 
 

Couche-Tard said it has made a $19.66 billion offer to buy French hypermarket chain Carrefour, as large retailers come under pressure to transform their bricks-and-mortar footprint amid pandemic restrictions on shopping and disruption from tech giants.

(END) Dow Jones Newswires

January 13, 2021 15:00 ET (20:00 GMT)