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DJ News Highlights: Top Company News of the Day

· 02/05/2021 11:00
Peloton's Expensive Race Against TimeFord Becomes an Unlikely Tech DarlingAmazon Would Likely Pay Even More Tax Under Biden PlanBNP Paribas Posts Smaller-Than-Expected Drop in ProfitLed by 'Mr. SPAC,' Credit Suisse Cashes In on Blank-Check SpreeBill Gates Joins Private-Equity Firms in $4.7 Billion Deal for Private-Jet CompanyAstraZeneca Vaccine Effective Against U.K. Variant in TrialVenmo's Debt-Collection Practices Probed by CFPBLVMH Tells Tiffany Staff to Return to Office Two Days a WeekAmazon Union Election to Proceed as Labor Board Denies Delay Request

Federal labor authorities rejected Amazon.com's request to delay a union election at one of its warehouses in Alabama, clearing the way for thousands of workers to begin casting their votes this month.

Luxury giant wants New York City employees in the office as of March 1 as LVMH starts to integrate the U.S. jeweler following its acquisition.

The CFPB is investigating Venmo's debt-collection practices, according to a regulatory filing by Venmo's parent company, PayPal.

The vaccine developed by the University of Oxford and AstraZeneca is effective against a highly transmissible new variant, according to an analysis that offers further reassurance that the global vaccination drive will help end the pandemic.

The billionaire is doubling down on private-jet travel, as the niche industry recovers quicker amid the coronavirus pandemic that the wider commercial aviation market.

Credit Suisse is reaping the rewards from a spree of special-purpose acquisition companies. Leading the charge is a veteran banker who was among the first to bring SPACs to Wall Street 15 years ago.

France largest bank BNP Paribas reported a drop in quarterly profit, hurt by record low interest rates and the fallout of the pandemic, but said it expected revenue to bounce back this year as the global economy gradually recovers.

Amazon reported $1.8 billion in current U.S. tax liability for 2020, a departure from the tiny or negative tax costs it posted in prior years. It said a surge in pretax income last year led to the sudden rise in its reported tax expense.

New Chief Executive Jim Farley wants to invest more aggressively in electric vehicles, but he still hasn't fixed Ford's combustion-engine business.

The connected fitness company is scrambling to improve deliveries as recovery from pandemic may alter its value proposition.

(END) Dow Jones Newswires

February 05, 2021 11:00 ET (16:00 GMT)

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