News Highlights: Top Company News of the Day
Rio Tinto Records Slight Lift Iron-Ore Shipments
Rio Tinto reported a 1% lift in annual shipments of iron ore
from its Australian mining hub and forecast a wide range for 2021
exports around a similar level as it deals with uncertainties tied
to the pandemic and a review of heritage laws.
Lumentum in Advanced Talks to Buy Laser Maker Coherent
A cash-and-stock deal could come together as soon as this week.
Exact terms couldn't be learned but Coherent had a market value of
$3.7 billion as of Friday's close, while Lumentum's was $8
Jeep-Maker Stellantis Needs to Go Global
The merger of Fiat Chrysler and its French peer PSA will create
a trans-Atlantic giant out of two smaller car makers. One of its
biggest challenges is to go truly global.
Renaissance Says Losses Should Have Been Expected at Some Point
The quant hedge fund told clients that a recent drop of 20% to
30% was partially due to increased market volatility.
New York Seeks to Buy Vaccines Directly From Pfizer
Gov. Andrew Cuomo asked Pfizer to sell its Covid-19 vaccine
directly to New York state, to help alleviate a shortfall of
federally allocated doses that the governor blames on the Trump
Pizza Hut Hopes Drop Zones Can Help Bring Drone Delivery to Fruition
Instead of flying pizzas directly to customers' homes, Pizza Hut
Israel this June plans to test sending drones to drop multiple
orders at government-approved landing zones where drivers will pick
up the pies.
Shareholder Proposal at Omnicom Questions Ad Buyers' Role in Online Hate
Shareholders are taking aim at social-media ad buyers for their
possible role in spreading disinformation and hate speech.
Your Movie Is About to Be...Delayed, Again
A fresh batch of films scheduled for theatrical release in
February, March or April are being postponed or sold to streaming
services as cases of Covid-19 stay at high levels across the
Biotech's Price Tag Is Crazy but Not Insane
Startup Sana Biotechnology could go public at a $10 billion
valuation. Recent history suggests the high price tag may be worth
Tesla Starts Delivering China-Made Model Y Crossover
Tesla delivered its first made-in-China Model Y compact
crossover vehicles, the latest milestone in the American company's
drive into the world's largest market for electric cars.
(END) Dow Jones Newswires
January 19, 2021 03:15 ET (08:15 GMT)
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