News Highlights: Top Company News of the Day
26 January 2021 - 11:30PM
Dow Jones News
Amazon Set to Hire 3,000 Corporate Employees in Boston
Amazon.com is planning to add 3,000 employees in its corporate
ranks in the Boston area, one of a number of expansions of
technology jobs in major American cities for the company.
UBS Plans $4.5 Billion Share Buyback as Profit Surges
The Swiss bank powered through the coronavirus pandemic with
some of the best financial results in global banking.
NRG Energy CFO Focusing on Cutting Costs, Pricing After Direct Energy Deal
NRG Energy Inc. Chief Financial Officer Kirkland Andrews is
focusing his attention on reviewing the energy company's costs and
pricing strategy after it wrapped up a $3.6 billion deal to acquire
Direct Energy earlier this month.
Apollo CEO Leon Black to Step Down Following Probe of Epstein Ties
Leon Black will leave the top job at Apollo Global Management by
late July, following a review that found larger-than-expected
payments to Jeffrey Epstein but no evidence of involvement in his
criminal activities.
Novartis Bottom-Line Undershoots Forecasts
Novartis posted core operating income for the fourth quarter of
$3.5 billion on a rise in sales, but net profit fell short of
consensus estimates, with coronavirus-related lockdowns hurting
some of its therapeutic areas and its Sandoz unit.
Rolls-Royce Warns of Bigger Cash Outflow in 2021
Rolls-Royce said it expects a free cash outflow of around GBP2
billion this year based on expectations of widebody engine flying
hours at around 55% of 2019 and warned that more contagious
coronavirus variants have created further uncertainty.
Kimmeridge Energy to Launch Proxy Fight at Ovintiv
The investment firm plans to launch a proxy fight at the
oil-and-gas producer, and will nominate three directors-including
Kimmeridge founder Ben Dell-to the company.
Vimeo Raises $300 Million in Equity, Valuing Company at $5 Billion
Vimeo has completed a $300 million fundraising round one month
after IAC said it planned to spin off the online-video
platform.
Kuaishou to Close IPO Order Books Early, Sources Say
Kuaishou Technology plans to stop taking orders from
institutional investors for its roughly $5 billion initial public
offering earlier than planned, after meeting strong demand, people
familiar with the matter said.
Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management
Hedge fund Melvin Capital has been hit hard by a series of short
bets to start the year, down nearly 30% for 2021 through Friday,
people familiar with the firm said.
(END) Dow Jones Newswires
January 26, 2021 07:15 ET (12:15 GMT)
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