News Highlights: Top Company News of the Day
August 10 2021 - 7:15PM
Dow Jones News
NortonLifeLock Agrees to Buy Cybersecurity Provider Avast
The stock-and-cash deal, valued at between $8.1 billion and $8.6
billion, would expand NortonLifeLock's reach into consumer
software
Mountain Dew Goes Hard as PepsiCo, Boston Beer Partner on a Boozy Version
The coming product, Hard Mtn Dew, is a nod to what the companies
see as evolving tastes of drinkers.
Albertsons Names Former Best Buy Executive as CFO
Albertsons tapped Sharon McCollam to serve as finance chief as
the food-and-drug retailer navigates cost inflation and builds out
its e-commerce operation.
Moderna to Build Vaccine Plant in Canada
The factory will fulfill the country's orders for Moderna mRNA
vaccines, including Covid-19 booster shots, and could provide a
template for increasing global manufacturing capacity.
Wells Fargo's Black Takes Over as Chairman From Noski
The lender said that Charles Noski had stepped down as chairman
and will be succeeded by Steven Black, a former JPMorgan Chase
& Co. executive who joined the board last year.
Saks Fifth Avenue Owner, WeWork to Run Co-Working Spaces in Former Stores
Hudson's Bay Co., owner of Saks, is converting parts of its
department stores into co-working offices.
Canadian Pacific Makes New, Higher Bid for Kansas City Southern
Canadian Pacific submitted a bid that values Kansas City
Southern at $300 a share, or about $27 billion not including
assumed debt.
Mystery Builds Over Who Is Buying Millions of Cellphone Lines
Population growth and more devices in the hands of users don't
fully explain what amount to U.S. carriers' biggest gains in nearly
a decade.
Clinical Trial Technology Provider Reify Raises $220 Million
Coatue Management led the Series C funding round and was joined
by Iconiq Capital, Adams Street Partners, Sierra Ventures and
Battery Ventures.
Pinterest Needs a Status Update
The end of Covid-19 fever dreams proves a bit of a nightmare for
Pinterest.
(END) Dow Jones Newswires
August 10, 2021 19:15 ET (23:15 GMT)
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