News Highlights: Top Company News of the Day
|01/05/2021 | 07:16pm|
Trump Signs Order Banning Alipay and Other Chinese Apps
In the executive order, the president said the apps can access private information from their users, which could be used by the Chinese government.
Chinese Regulators Try to Get Jack Ma's Ant Group to Share Consumer Data
Beijing is trying to get Jack Ma to do something the beleaguered billionaire has long resisted: share the troves of consumer-credit data collected by his financial-technology behemoth.
GE Won't Try to Claw Back Jeff Immelt's Pay
The board's probe of accounting issues and the former CEO's use of a backup jet didn't find evidence to support shareholder claims of fraud and abuse.
British Tabloid Veteran Tapped to Lead New York Post
Keith Poole will take over as editor in chief in early March as the publisher seeks to boost its digital presence.
Moderna Raises Covid-19 Vaccine Production Estimate
Moderna Inc. said it will be able to make at least 600 million doses of its Covid-19 vaccine this year, 100 million more than it had been projecting.
New York Sports Clubs Owner Facing Cash Crunch After Bankruptcy Sale
The owner of New York Sports Clubs and Lucille Roberts is seeking fresh equity capital to stave off a cash crunch less than two months after buying the gym chains out of bankruptcy, according to people familiar with the matter.
Union Seeks Removal of Alden Members From Tribune Board
Alden Global Capital, a hedge fund with a reputation for making deep cost cuts at papers it acquires, is looking to buy the entirety of Tribune Publishing and take it private.
Gary Cohn, Former Trump Adviser, Joins IBM
IBM appointed the former Goldman Sachs executive and economic adviser to President Trump its vice chairman and a member of its executive leadership team as the tech company tries to revive its fortunes.
Qualcomm CEO Steve Mollenkopf to Step Down
The mobile-phone chip giant named Cristiano Amon to become its new chief executive as it puts a chain of legal struggles behind it and aims to capitalize on rising demand for superfast 5G phones.
CoinDesk Buys TradeBlock, Joining Rush for Bitcoin Analytics
The deal indicates the surging demand for data and indexes used to track and trade cryptocurrencies.
(END) Dow Jones Newswires