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DJ News Highlights: Top Company News of the Day

· 02/04/2021 17:00
Hershey Says Strong Holiday Sales Presage Growth in 2021Stone Point Capital, Insight Partners Agree to Buy CoreLogicCredit 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 ListingPeloton tops $1 billion in quarterly revenue for the first time, but higher shipping costs weigh on outlookCanada Extends Cruise Ban by a Year Until February 2022Snap, Pinterest Log Strong User GrowthFord's Results Hindered by Lower Truck Output

The Detroit auto maker said through 2025 it will spend $22 billion on electric vehicles and another $7 billion to develop autonomous vehicles.

The platforms added millions more new users than expected in their latest quarters, showing strong growth in social-media use during the Covid-19 pandemic.

The extended ban complicates cruise operators' efforts to restart sailings in North America this year.

Peloton Interactive Inc. notched its first-ever quarter with revenue above $1 billion, but its shares sank in after-hours trading after the company's investments in shipping and other areas meant to address delivery delays weighed on its earnings outlook for the current period.

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.

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.

(END) Dow Jones Newswires

February 04, 2021 17:00 ET (22:00 GMT)

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