Activist Investor Ancora to Launch Proxy Fight at Forward Air

Ancora Holdings plans to nominate four directors to Forward Air's 10-person board, including the company's founder and its former chief financial officer. 


 
Twitter Adds Users Through Trump Ban

The social-media platform reported continued user growth during a period when it booted the former president from its platform, a move that Twitter's finance chief said advertisers welcomed. 


 
PPG Names Tech Veteran to Head Its IT Efforts

PPG Industries has named a new chief information officer who will continue a major software consolidation project aimed, in part, at helping the paint maker coordinate supply chain logistics. 


 
Cisco Systems Revenue Falls

Cisco Systems Inc. expects revenue to return to growth this quarter following a string of declines as businesses cut back on hardware networking equipment during the coronavirus pandemic. 


 
Lyft Curbs Losses With Aggressive Cost Cuts

The ride-hailing company reported a narrower annual loss despite a 35% drop in revenue as the pandemic hammered demand. 


 
Match Group Buys Korean Social-Media Company for $1.73 Billion

The purchase of Seoul-based Hyperconnect is Match's largest ever acquisition. 


 
Commonwealth Bank Profit Slides, Pays A$1.50 Dividend

Commonwealth Bank of Australia posted a 21% fall in half-year net profit as it grappled with a low-interest rate environment and the effects of the coronavirus pandemic 


 
SEC Seeks Outside Monitor to Protect GPB Capital Investors

The Securities and Exchange Commission said it wants to put GPB Capital Holdings under a court-appointed monitor to prevent further misconduct by the firm, which is at the center of an alleged $1.7 billion Ponzi-like scheme. 


 
EA Needs This Mobile Play to Stick

The acquisition of Glu Mobile is the videogame publisher's latest attempt to buy into a difficult market. 


 
Most Salesforce Employees to Work Remotely at Least Part Time

The business-software maker, which employs 54,000 people globally, plans to shrink its real-estate footprint as it looks to embrace more remote work after the pandemic.

(END) Dow Jones Newswires

02-09-21 1915ET