Visa Abandons Planned Acquisition of Plaid After DOJ Challenge

Visa is abandoning its $5.3 billion planned acquisition of Plaid, a key player in the financial-technology space, in the face of a Justice Department antitrust lawsuit. 


 
Boeing Falls Further Behind Airbus in Plane Deliveries

The pandemic amplifies new and longstanding problems at the U.S. aerospace giant. 


 
Zoom Aims to Raise $1.5 Billion Via Stock Offering

The videoconferencing company plans to raise $1.5 billion through what would be its largest stock offering since its trading debut in 2019. 


 
New GM Electric-Truck Business Targets Delivery Market

General Motors has lined up FedEx as the first customer for a new division, called BrightDrop, that will supply delivery vehicles and services. 


 
Parler Faces Complex, Costly Route to Getting Back Online

After several tech giants dropped the social app popular among right-wing users, Parler faces technical and financial hurdles to resuming operations. 


 
Synchrony Names Brian Doubles as CEO

Mr. Doubles will remain president of Synchrony Financial, and current CEO Margaret Keane will become executive chairman. 


 
Albertsons' Sales Growth Outpaces Rivals Amid Covid-19 Pandemic

Albertsons and other grocers are working to keep sales momentum and hold on to customers who they hope will make some of their pandemic-era eating habits permanent. 


 
Uber, Lyft Push for Role in Covid-19 Vaccine Rollout

The ride-sharing giants are lobbying the incoming Biden administration, offering to help get more Americans inoculated and seeking early access to doses for drivers. 


 
AstraZeneca Applies for European Clearance of Covid-19 Vaccine

U.K. drugmaker AstraZeneca has applied for emergency-use authorization in Europe of the Covid-19 vaccine it developed with the University of Oxford, a step toward the rollout of more shots across the region. 


 
Capitol Riot Threatens Trump's Already-Struggling Business

President Trump's real-estate and golf empire was already struggling with the pandemic, weak growth and hundreds of millions in debt coming due.

(END) Dow Jones Newswires

01-12-21 1915ET