Johnson & Johnson Pauses Covid-19 Vaccine Trials Due to Sick Subject
The company said an independent committee is reviewing the subject's illness, and it will review the medical information before deciding whether to restart the studies.
Blackstone-Backed Lender Is Set for IPO
Finance of America Equity Capital, a Blackstone Group-backed consumer-lending platform, is set to go public with a $1.9 billion valuation in a merger with blank-check company Replay Acquisition.
Southwest Airlines to Challenge Rivals at O'Hare and in Houston
The carrier is pushing into two of the largest U.S. airports, signaling its plan to grab market share from United and American, bigger rivals hobbled by the coronavirus pandemic.
Wisconsin Says Foxconn Doesn't Qualify for Subsidies
Wisconsin officials have denied a request by Foxconn Technology Group for the first payments in what had been envisioned as $3 billion in state subsidies for a major technology complex.
Maersk Lifts Outlook as Demand Recovers
Maersk raised its full-year guidance after noting a faster-than-expected rebound in shipping volumes and freight rates, but cautioned it will take a $100 million charge in the third quarter to cover the cost of 2,000 job losses.
Disney Elevates Streaming Unit in Reorganization
The changes aim to give priority to Disney's streaming video businesses, creating new units that will produce content for digital and traditional platforms, in a shift echoing similar moves by other entertainment giants.
Cosco Shipping to Raise About $940 Mln via Sale of CIMC Stake
Cosco Shipping Development will raise $939.8 million by selling its stake in China International Marine Containers (Group) to a state-owned investment management company.
PC Demand During Pandemic Fuels Strongest U.S. Market Growth in a Decade
Remote work, study and home entertainment in the midst of the pandemic boosted personal-computer sales in the third quarter.
Facebook Bans Content Denying the Holocaust on Its Platforms
Facebook said it would begin removing Holocaust denials or distortions from its social media platforms following years of complaints from civil rights groups that the company tolerated hate speech.
(END) Dow Jones Newswires