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News Highlights: Top Company News of the Day

01/11/2022 | 07:16pm EDT
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

Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY -2.18% 66.47 End-of-day quote.-19.93%
AIRBUS SE -0.41% 105.92 Real-time Quote.-5.34%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.52% 0.69118 Delayed Quote.-4.44%
BRITISH POUND / US DOLLAR (GBP/USD) -0.22% 1.223 Delayed Quote.-9.79%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.22% 0.77303 Delayed Quote.-2.07%
CARVANA CO. 2.43% 38.31 Delayed Quote.-83.47%
CITIGROUP INC. 2.32% 47.64 Delayed Quote.-21.11%
DOORDASH, INC. 12.38% 73.71 Delayed Quote.-50.50%
EURO / US DOLLAR (EUR/USD) 0.18% 1.04166 Delayed Quote.-8.42%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.52% 0.012841 Delayed Quote.-3.84%
META PLATFORMS, INC. 3.86% 198.62 Delayed Quote.-40.95%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.43% 0.62626 Delayed Quote.-8.10%
ON SEMICONDUCTOR CORPORATION 6.04% 56.18 Delayed Quote.-17.29%
THE BOEING COMPANY 3.30% 127.2 Delayed Quote.-36.82%
UNITED AIRLINES HOLDINGS, INC. 4.27% 43.27 Delayed Quote.-1.16%
VROOM, INC. 12.68% 1.6 Delayed Quote.-85.17%
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