News Highlights: Top Company News of the Day
18 January 2021 - 11:15PM
Dow Jones News
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.
Jay Y. Lee, Samsung's De Facto Leader, Returns to Prison
Samsung's de facto leader, Lee Jae-yong, returned to prison
after an appeals court handed down a 30-month sentence following a
retrial of his 2017 conviction on charges of bribing South Korea's
former president.
Oil Giant Total Buys Stake in World's Biggest Solar Developer
French energy giant Total said it would pay $2.5 billion for a
20% stake in the world's largest solar developer, the latest move
by an oil major to expand in renewable power.
Fiat Chrysler, PSA Group Merge to Create New Auto-Making Behemoth
The newly formed auto maker, called Stellantis, is set to start
trading on Monday in Europe and on Tuesday in New York.
Vaccine Shortfall to Hit Europe, Canada as Pfizer Plant Is Upgraded
The European Union, Canada and some other countries will receive
fewer doses next week of the Covid-19 vaccine made by Pfizer and
BioNTech due to an upgrade at Pfizer's European factory. The U.S.
isn't affected.
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.
Groceries Prove a Pandemic Bright Spot for BP and Shell
Oil majors bet offering more fresh food and services at
gas-station stores can help offset declining oil income.
France Blocks Sale of Carrefour to Canada's Couche-Tard
The French finance minister told the Canadian retailer's
chairman that the nearly $20 billion deal would threaten jobs and
France's food security amid the Covid-19 pandemic.
Keystone XL Oil Project Pledges Zero Carbon Emissions
The controversial pipeline project would be powered by renewable
energy and built by union labor in a series of planned overhauls to
avoid being axed by the Biden administration.
Richard Branson's Virgin Orbit Reaches Space
The startup reached space with an unconventional rocket-launch
system, deploying tiny satellites into orbit in demonstration
flight.
(END) Dow Jones Newswires
January 18, 2021 07:00 ET (12:00 GMT)
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