News Highlights: Top Company News of the Day
February 05 2021 - 2:30PM
Dow Jones News
Robinhood's Reckoning: Can It Survive the GameStop Bubble?
The firm that set out to bring investing to the masses has run
into the reality of Wall Street, with its tangle of regulations,
overseers and byzantine infrastructure.
Amazon Union Election to Proceed as Labor Board Denies Delay Request
Workers at an Alabama plant have until late March to vote in an
election that could reshape the e-commerce giant's relationship
with its hourly employees.
LVMH Tells Tiffany Staff to Return to Office Two Days a Week
Luxury giant wants New York City employees in the office as of
March 1 as LVMH starts to integrate the U.S. jeweler following its
acquisition.
Venmo's Debt-Collection Practices Probed by CFPB
The CFPB is investigating Venmo's debt-collection practices,
according to a regulatory filing by Venmo's parent company,
PayPal.
AstraZeneca Vaccine Effective Against U.K. Variant in Trial
The preliminary findings offer further reassurance that the
global vaccination drive will help end the pandemic.
Bill Gates Joins Private-Equity Firms in $4.7 Billion Deal for Private-Jet Company
The billionaire is doubling down on private-jet travel, as the
niche industry recovers quicker amid the coronavirus pandemic that
the wider commercial aviation market.
Led by 'Mr. SPAC,' Credit Suisse Cashes In on Blank-Check Spree
Credit Suisse is reaping the rewards from a spree of
special-purpose acquisition companies. Leading the charge is a
veteran banker who was among the first to bring SPACs to Wall
Street 15 years ago.
BNP Paribas Posts Smaller-Than-Expected Drop in Profit
France largest bank BNP Paribas reported a drop in quarterly
profit, hurt by record low interest rates and the fallout of the
pandemic, but said it expected revenue to bounce back this year as
the global economy gradually recovers.
Amazon Would Likely Pay Even More Tax Under Biden Plan
Amazon reported $1.8 billion in current U.S. tax liability for
2020, a departure from the tiny or negative tax costs it posted in
prior years. It said a surge in pretax income last year led to the
sudden rise in its reported tax expense.
Ford Becomes an Unlikely Tech Darling
New Chief Executive Jim Farley wants to invest more aggressively
in electric vehicles, but he still hasn't fixed Ford's
combustion-engine business.
(END) Dow Jones Newswires
February 05, 2021 15:15 ET (20:15 GMT)
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