News Highlights: Top Company News of the Day
Jane Fraser Puts Mark on Citigroup With Overhaul of Wealth Businesses
A new unit is being created, combining its high-end private bank
for the ultra rich with its wealth-management offerings for the
Kodak Director Makes Retroactive Cut to Huge Charity Stock Gift
George Karfunkel's revised donation appears to be worth $77.5
million, down from the original $116.3 million.
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
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 had been
betting the stock would weaken shifted positions.
FTC Reaches Settlement With Flo Health Over Fertility-Tracking App
Flo Health was accused of improperly sharing data with Facebook,
including whether users were ovulating.
Affirm Skyrockets in Trading Debut
The buy-now, pay-later fintech firm jumped as high as $103
shortly after it began trading and closed at $97.24, almost double
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 succeeded 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
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
(END) Dow Jones Newswires
January 13, 2021 17:15 ET (22:15 GMT)
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