News Highlights: Top Company News of the Day
May 27 2021 - 10:27AM
Dow Jones News
Fintech Startup Acorns to Go Public in $2 Billion SPAC Deal
A merger deal with a special-purpose acquisition company values
Acorns Grow, a digital savings and investing app, at about $2.2
billion.
HSBC to Exit Most U.S. Retail Banking
The bank will stop serving mass-market individual customers and
smaller businesses in the U.S., as it shifts its focus to wealth
management and international banking, especially in Asia.
To Prevent the Supply Problems Ailing Chips, Plane Makers Are Boosting Demand
Airbus's announcement that it will increase production is an
important signal for hard-hit aerospace suppliers.
Former WeWork Chief's Gargantuan Exit Package Gets New Sweetener
Nearly two years ago, SoftBank sought to part ways with WeWork
co-founder Adam Neumann when it bailed out the shared-office
company. It hasn't been an easy divorce.
Boeing to Pay FAA Penalties Tied to 737 Jet Production
A $17 million settlement comes as the agency has increased
scrutiny of the aircraft maker's manufacturing.
Blink Charging Taps Cash Pile in Electric Car Bet
The Miami Beach, Fla.-based company, which owns, operates and
supplies charging stations, raised about $221.4 million in the
January offering, taking advantage of investor enthusiasm for green
stocks. The share sale expanded Blink Charging's cash balance by
roughly eightfold.
Administration Taps Private Sector to Invest in Central America
Vice President Kamala Harris is set to unveil agreements with
Microsoft, Mastercard and others as part of an effort to ease a
surge of migrants at the southern border.
Facebook Ends Ban on Posts Asserting Covid-19 Was Man-Made
Facebook has ended its ban on posts asserting Covid-19 was
man-made or manufactured, reflecting a deepening debate over the
origins of the pandemic.
Eagle Hospitality Backers Face Possible Criminal Referral From Judge
The bankruptcy judge overseeing the REIT's chapter 11 case says
he would consider a possible criminal referral involving a Paycheck
Protection Program loan application.
Shareholder of MDC Partners Opposes Merger With Stagwell
One of MDC Partners' largest shareholders is opposing the
advertising company's proposed merger with Stagwell Media, a
private-equity fund focused on marketing services, saying the terms
unfairly favor Stagwell's investors.
(END) Dow Jones Newswires
May 27, 2021 11:15 ET (15:15 GMT)
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