Exxon, Chevron CEOs Discussed Merger

Last year's discussions about combining the oil giants, which could be one of the largest corporate mergers ever, were described as preliminary but could come back in the future. 


 
Facebook Knew Calls for Violence Plagued 'Groups', Now Plans Overhaul

The social network struggled to balance CEO Mark Zuckerberg's mantra of free expression against internal findings that misinformation and rabid partisanship had overrun a feature meant to be central to its future. 


 
GameStop and AMC's Stocks Are on a Tear, but Their Businesses Aren't

Short sellers have bet against some of the firms targeted by followers of Reddit's WallStreetBets forum. Here is an analysis of the challenges and prospects for those businesses. 


 
Melvin Capital Lost 53% This Year, Hurt by GameStop, Others

Losses at the hedge fund extended beyond GameStop, but new and existing clients have signed up to invest into Melvin on Feb. 1. 


 
Amazon Faces Familiar Opponent in Alabama Union Election

Thousands of Amazon employees at an Alabama warehouse are set to cast mail-in ballots over whether to organize into a union, a vote that could reshape the relationship between workers and the nation's second-largest employer. 


 
SpaceX Riles Its Rivals for Broadband Subsidies

Elon Musk's space company is in line to receive $866 million in a government push to improve rural internet service, but some competitors and members of Congress are questioning that commitment of funds. 


 
Lockdowns Spur Shift to High-End Liquor

Americans drinking at home are splashing out on pricier whiskey, tequila and other spirits during the pandemic, helping distillers post their strongest sales in four decades. 


 
Seaside Equity Expands Debut Fund Amid Last-Minute Demand

Seaside Equity Partners is wrapping up its first private-equity fund to back companies that provide essential services such as plumbing and roof repair. 


 
TikTok Rival's $5.4 Billion IPO Draws Big Following

Kuaishou Technology, which operates one of China's most popular short-video apps, met with strong investor demand as the company targets the world's largest float since late 2019, set to value it at around $60 billion. 


 
Covid-19 Safety Measures, Supply Constraints Crimp Manufacturers

Whirlpool and others say challenging logistics, higher costs are curtailing output of in-demand appliances, boats and paint.

(END) Dow Jones Newswires

01-31-21 2115ET