News Highlights: Top Company News of the Day
11 May 2021 - 1:30AM
Dow Jones News
Marriott Points to Rising Demand Amid Vaccine Rollout
The hotel chain posted a quarterly loss of $11 million, though
it saw demand in leisure travel pick up momentum, especially in ski
and beach resort destinations.
BioNTech's Vaccine Success Sparks Investments in German Biotech
After the company partnered with Pfizer on a vaccine, investors
last year poured $3.7 billion into a sector that has struggled to
raise funding in recent years.
Vice Media Targets Valuation of Nearly $3 Billion in Proposed SPAC Deal
Company investors-including Disney, A&E Networks and
TPG-would remain shareholders under the proposed structure.
Colorado Drillers to Combine, as Consolidation Continues in Oil Patch
Bonanza Creek Energy and Extraction Oil & Gas are the latest
to tie up, creating a $2.3 billion company.
Food-Delivery Platforms Serve Up Empty Calories
Tiered commissions may be more of a deal for delivery platforms
than the restaurants they serve.
T-Mobile's Hiring Pledge Gets Off to Slow Start
T-Mobile said in 2019 that its merger with wireless rival Sprint
would be "jobs-positive from Day One," but more than a year into
that marriage, the combined company has fewer people working for it
than before.
BioNTech to Make Covid-19 Vaccines in Singapore
The Pfizer partner says its new Asia headquarters is expected to
start production in 2023.
Plus's SPAC Merger Marks Autonomous Trucking Shift to Public Markets
Autonomous truck companies are looking to public markets for
financial backing as they try to take their technology into full
production at a commercial scale.
U.S. Pipeline Shutdown Exposes Cyber Threat to Energy Sector
The ransomware attack that forced the closure of the largest
U.S. fuel pipeline this weekend showed how cybercriminals pose a
far-reaching threat to the nation's aging, vulnerable energy
infrastructure.
Some Countries Shift Guidance on AstraZeneca Vaccine
Health officials say calculations around the benefits of
receiving the vaccine, which has been linked to rare blood clots,
keep changing
(END) Dow Jones Newswires
May 10, 2021 11:15 ET (15:15 GMT)
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