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DJ News Highlights: Top Company News of the Day

· 02/04/2021 15:00
Shell Posts Loss but Eyes Recovery This YearNew York Times Added Record Number of Digital Subscribers in 2020Rolling Stone Launches Video Channel on Amazon's TwitchHershey Says Strong Holiday Sales Presage Growth in 2021Stone Point Capital, Insight Partners Agree to Buy CoreLogicFord Cutting F-150 Pickup Production Due to Chip ShortageCredit Suisse Was Alerted to Banker's Misconduct Years Before ChargesVoting-Machine Company Smartmatic Sues Fox News Over Election ClaimsHolidays Sales Slumped, but Some Retailers Predict a SnapbackChobani Eyes 2021 Public Listing

The food company that made Greek yogurt mainstream hopes an initial pubic offering could value the company at as much as $7 billion to $10 billion.

Fewer promotions and less inventory pushed up average prices at Coach and Ralph Lauren, while Nordstrom expects a 25% revenue jump.

The suit focuses on statements made about Smartmatic on Fox News by lawyers who supported former President Donald Trump's claims that the election was rigged, including Rudy Giuliani and Sidney Powell.

The Swiss bank overlooked red flags for years while a rogue private banker stole from billionaire clients, according to a report by a law firm for Switzerland's financial regulator.

The auto maker will cut F-150 production at a Detroit-area factory and one in Kansas City next week, with both factories returning to their normal round-the-clock schedules on Feb. 15.

CoreLogic agreed to sell itself to two private-equity firms for about $6 billion, a surprising end to an auction of the real-estate-data provider that was kicked off by a pair of shareholder activists.

Candy maker Hershey booked higher profit and revenue in the fourth quarter from a year earlier, as consumers bought more of its treats even as the pandemic curtailed many holiday gatherings.

"Rolling Stone on Twitch" marks the first attempt by a mainstream publication to build a presence on the platform popular with videogamers.

New York Times Co. reported it added a record 627,000 net new digital subscriptions in the fourth quarter but ad revenue was flat, reflecting continuing declines during the pandemic.

The oil giant reported a fourth-quarter loss as it continued to grapple with the fallout of the pandemic but said it would raise its dividend, forecasting a recovery in demand later this year.

(END) Dow Jones Newswires

February 04, 2021 15:00 ET (20:00 GMT)

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