Thursday, 11 February 2021

Ford CEO calls for settlement between LG Chem, SK Innovation

Ford CEO calls for settlement between LG Chem, SK Innovation

Ford Motor Co's chief executive, Jim Farley, on Thursday publicly encouraged South Korea's chemicals and electric vehicle (EV) battery maker LG Chem Ltd and SK Innovation Co Ltd to reach a settlement on LG's battery allegations that SK stole trade secrets.

Disney results beat expectations as streaming offsets park struggles

Walt Disney Co reported quarterly earnings that topped Wall Street expectations as gains in its streaming media business helped make up the hit to theme park operations and movie releases from the coronavirus pandemic.

Nasdaq gains on tech stocks, hopes for more stimulus

The Nasdaq and S&P 500 eked out modest gains on Thursday with investors betting on more fiscal stimulus, but U.S. President Joe Biden said China was poised to "eat our lunch," a warning that tempered enthusiasm for a market near record highs.

Bumble's $14 billion date: Blackstone-backed dating app soars on market debut

Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76% in their stock market debut on Thursday, fetching a $14 billion valuation for the operator of the dating app where women make the first move.

U.S. Justice Department seeks to delay appeals on WeChat, TikTok restrictions

The U.S. Justice Department on Thursday asked a federal appeals court to pause a government appeal of a lower court ruling blocking restrictions that the Trump administration had imposed on Tencent's messaging app WeChat.

From dismal winter, some U.S. data starts to move higher

High-frequency measures of the U.S. economy may be showing the first signs of an expected spring revival, with employment at small and medium-sized businesses rising slightly, and traffic to retail stores improving from the levels of last fall when the coronavirus surged.

Stocks slip, reversing early gains; U.S. oil settles lower

Global equity indexes were mostly lower on Thursday, reversing earlier gains, with the S&P 500 dragged down by losses in Apple and Amazon.com, while a drop in oil prices weighed on energy shares.

U.S. court clears way for extradition to Japan of Ghosn's accused escape plotters

A U.S. appeals court on Thursday declined to further delay the extradition to Japan of two men charged with helping former Nissan Motor Co Ltd Chairman Carlos Ghosn flee the country.

Bitcoin soars to all-time high after BNY Mellon announces crypto venture

Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a new unit to help clients hold, transfer, and issue digital assets.

Twitter to add more labels identifying world leader and government accounts

Twitter Inc said on Thursday it will next week add labels to identify more state-affiliated accounts, including world leaders' personal accounts, to give users more context for geopolitical conversations on the platform.

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