Afterpay's Acquisition by Block Cleared for Completion

Block's acquisition of Afterpay has cleared its final regulatory hurdle and will be implemented on Feb. 1, the Australian buy-now-pay-later provider said. 


 
Facebook Owner Meta Names DoorDash CEO to Board

Tony Xu joins a board that has been criticized for its lack of independence under the leadership of Mark Zuckerberg. 


 
GM Takes Aim at Carvana, Vroom With Used-Car Website

The auto maker's new CarBravo a marketplace will let U.S. GM dealers sell used cars online, a move that adds new competition to the used-vehicle market and reflects a strategic shift for GM. 


 
Medicare to Pay for Biogen's New Alzheimer's Drug in Clinical-Trial Patients

The Centers for Medicare and Medicaid Services said it will cover the cost of the drug Aduhelm, but as part of further clinical testing. 


 
Judge Rejects Facebook's Request to Dismiss FTC Antitrust Suit

The Federal Trade Commission can move forward with its revised complaint case alleging the tech company is abusing a monopoly position in social media. 


 
Bank Stocks Could Be Big Winners Ahead of Potential Fed Rate Rises

Investors are betting that looming interest-rate increases will fuel profits in financials and make the sector more attractive than tech, one of the main contributors to last year's rally. 


 
United Airlines Reports No Covid-19 Deaths Among Vaccinated Employees in Past Eight Weeks

About 3,000 workers have tested positive for Covid-19 as Omicron variant disrupts airline industry. 


 
Citigroup to Exit Mexico Consumer Banking Business

CEO Jane Fraser has been trying to simplify the bank, concentrating on wealthy consumers and companies. 


 
Boeing Loses Ground to Airbus on Jet Deliveries

Airbus has outpaced Boeing in deliveries for three straight years, as Boeing continues to deal with production issues. 


 
Amazon Warehouse Workers in Alabama to Hold Second Union Vote

The new vote, to be held by mail, follows a finding by a regional National Labor Relations Board director that Amazon violated labor laws during the first election.

(END) Dow Jones Newswires

01-11-22 1915ET