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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
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.
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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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