News

Health Care

United Airlines CEO Backs Vaccine Mandate for Workers

"I think the right thing to do is for United Airlines, and for other companies, to require [Covid] vaccines."

Matthew Heller
January 22, 2021
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Strategy

Instacart Fires Workers Who Formed Union

The job cuts are part of a wider round of layoffs that will affect more than 1,800 in-store shoppers.
The Cloud

IBM Shares Dive As Revenue Woes Continue

"The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.”
M&A

Britain’s IG to Buy Online Broker Tastytrade for $1B

“This acquisition will see us further diversify into the exciting high growth market of U.S. retail options and futures," IG's CEO says.
The Cloud

Citrix to Buy Wrike Remote Work App for $2B

The deal will enable Citrix to boost its presence in the collaborate work management space amid the shift to "distributed work."
The Economy

Homebuilder Confidence Sags for 2nd Straight Month

“Despite robust housing demand and low mortgage rates, buyers are facing a dearth of new homes on the market, which is exacerbating affordability problems."
Legal

Trump Pardons Ex-Google Engineer

Anthony Levandowski, a pioneer in autonomous vehicles, was found guilty of what one judge called "the biggest trade secret crime I have ever seen."
Payments

Sequoia Holdings to Offer Cryptocurrency Payments to Employees

The new program would allow employees to defer portions of their salaries into bitcoin, bitcoin cash, or Ethereum.
Financial Performance

Netflix Tops 200M Subs, Sees Positive Cash Flow

The streaming giant's shares jumped 12% after it indicated it would return any excess cash to shareholders through buybacks.
M&A

Office Depot Rejects Takeover Bid While MGM Won’t Up Entain Offer

The office-supply chain suggested it was open to a joint venture with its rival Staples.
Bankruptcy

NRA Files Chapter 11 Amid Legal Battle With NY

Legal experts said the gun-rights group was likely maneuvering to thwart a suit in which New York State accuses its leaders of fraud.
Financial Performance

Wells Fargo Shares Dip 7% on Q4 Revenue Miss

"Our results continued to be impacted by the unprecedented operating environment and the required work to put our substantial legacy issues behind us."
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