News Highlights: Top Company News of the Day
Maersk Ship Loses 750 Containers Overboard in Pacific Ocean
Rough seas during a trip from China to Los Angeles caused the
loss, the latest in a series of weather-related accidents at sea
affecting millions of dollars in cargo.
Ford, GM Stocks Rally on Electric-Vehicle Enthusiasm
Until lately, Detroit's auto makers haven't benefited much from
Wall Street's fixation with electric and driverless cars, but
shares of both Ford and GM are both up about 35% so far this
Facebook Refers Trump Suspension to Oversight Board
The social-media company said a decision from its independent
panel on the matter-the biggest issue it has tackled since being
established last year-would be binding.
Britain's IG Group to Buy U.S. Options Firm Tastytrade for $1 Billion
The deal, which would substantially increase IG's presence in
the U.S. market. is a bid to capitalize on the boom in options
trading by small investors.
Lilly Antibody Drug Prevents Covid-19 in Nursing Homes, Study Finds
The drugmaker plans to ask U.S. health regulators to expand
bamlanivimab's use to protect nursing-home residents and staff from
Buying Airline Stocks Takes a Leap of Faith
U.S. carriers are hoping that pent-up demand for leisure travel
could be unleashed as soon as this summer, but the evidence isn't
yet strong enough.
Mytheresa IPO Is Less Fashion-Forward Than It Looks
The former owners of troubled department store Neiman Marcus
have sold a stake in the online retailer at an eye-popping
valuation, but its business model may need a makeover.
Travelers Profit Increases 50%, Fueled by Car-Insurance Unit
The insurer benefited from fewer catastrophes than in the
year-earlier period and premium increases in some lines of business
sold to corporate customers.
Intel to Cap Off Difficult Year Ahead of New Chief
The chip maker is expected to report record annual sales
blemished by market-share losses and technical setbacks.
Starboard Seeks to Take Control of Corteva Board, Oust CEO
Starboard Value is seeking to take control of agricultural giant
Corteva's board and replace its chief executive, according to
people familiar with the matter.
(END) Dow Jones Newswires
January 21, 2021 15:15 ET (20:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.