News

The Economy

World Bank Lowers 2021 Growth Forecast to 4%

There is a “material risk” that setbacks in containing the pandemic could result in a much weaker recovery, the bank warns.
M&A

P&G Scraps Deal to Buy Billie Razor Startup

The termination of the proposed merger comes after regulators alleged it would cause "significant harm" to consumers.
Workplace Issues

Google Workers Form a Union

The ‘minority union’ will have limited power under U.S. labor law until it is supported by a majority of employees.
Global Business

Airlines Expect Turbulent 2021

Last year's falloff erased two decades of passenger growth.
Health Care

Amazon-Backed Health Venture to Shut Down

The Haven venture with Berkshire Hathaway and JPMorgan apparently ran into logistical problems after promising to disrupt corporate health care.
M&A

MGM Offers $11B for U.K. Gaming Firm Entain

The owner of Ladbrokes rebuffed the proposal, saying it "significantly undervalues the company and its prospects."
Regulation

China Vows Retaliation After NYSE Announces Plans to Delist Telecoms

The incoming Biden administration has struck a more conciliatory tone following a Trump executive order.
IPOs

SEC Backs NYSE Plan for Non-Traditional IPOs

The commission voted to allow companies to raise new capital through a “direct” listing, giving them an alternative to paying hefty underwriting fees.
Capital Markets

Short Sellers Fleeing Netflix, Alphabet, and Other Tech Names

Some big-name tech stocks are among the five stocks that have experienced the most net short-covering in the past 30 days.
Legal

Justice Department Sues Walmart Over Opioid Prescriptions

The retail giant called the suit a "transparent attempt to shift blame" and vowed to defend itself in court.
M&A

IAC to Spin Off Vimeo

The transaction would be the eleventh such spinoff for the media giant.
M&A

Peloton Bulks Up by Buying Precor for $420M

The deal will enable Peloton to add production capacity for its at-home fitness equipment amid increased demand fueled by the coronavirus pandemic.
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