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DJ News Highlights: Top Company News of the Day

· 02/04/2021 19:00
Voting-Machine Company Smartmatic Sues Fox News Over Election ClaimsHolidays Sales Slumped, but Some Retailers Predict a SnapbackChobani Eyes 2021 Public ListingCanada Extends Cruise Ban by a Year Until February 2022Snap, Pinterest Log Strong User GrowthFord's Results Hindered by Lower Truck OutputPrudential Reports 27% Drop in Profit, Resumes Share BuybacksT-Mobile Warns Investors of More Costs Ahead as It Digests SprintJohnson & Johnson Seeks One-Shot Vaccine AuthorizationPeloton Taps Brakes to Fix Delivery Woes

Sales and subscriptions more than doubled in the latest quarter despite long shipping delays that the company has promised to address as would-be customers vent their anger online.

The company said it is ready to begin shipping upon emergency-use authorization by the FDA and expects to supply 100 million doses to the U.S. in the first half of 2021.

T-Mobile will spend $2.5 billion to $3 billion before taxes folding the stores, employees and network infrastructure it acquired from its one-time competitor into the new business.

The U.S.'s largest life insurer by assets was stung by low interest rates and the economic fallout from the pandemic.

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.

The food company that made Greek yogurt mainstream hopes an initial public 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.

(END) Dow Jones Newswires

February 04, 2021 19:00 ET (00:00 GMT)

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