Page 6 - Us Companies
Moderna to produce at least 600 million doses of Covid-19 vaccine in 2021
US pharmaceutical company Moderna said it plans to produce at least 600 million doses of its vaccine against Covid-19 in 2021, not 500 million as previously announced
 "Moderna to produce at least 600 million doses of Covid-19 vaccine in 2021")
Insurer Centene to buy Magellan in $2.2 billion mental health push
Health insurer Centene Corp said on Monday it has agreed to buy Magellan Health Inc in a $2.2 billion deal including debt
 "Insurer Centene to buy Magellan in $2.2 billion mental health push")
Snapdragon 888+ processor to release in second half of 2021: Report
US-based chipmaker Qualcomm in December 2020 unveiled the much-anticipated Snapdragon 888 5G mobile platform
 "Snapdragon 888+ processor to release in second half of 2021: Report")
Netflix's Reed Hastings collects $225 million in stock sale
Hastings has collected enough cash in 2020 to produce all four seasons of "The Crown"
 "Netflix's Reed Hastings collects $225 million in stock sale")
Lockheed Martin to buy rocket engine maker Aerojet Rocketdyne for $4.4 bn
Lockheed Martin Corp said it has agreed to buy US rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion, including debt and net cash
 "Lockheed Martin to buy rocket engine maker Aerojet Rocketdyne for $4.4 bn")
GoDaddy acquires US-based payment processor Poynt for $365 million
GoDaddy has signed a pact to acquire California-based payments processor Poynt in a $365 million deal which includes $320 million in cash at closing and $45 million in deferred cash payments
 "GoDaddy acquires US-based payment processor Poynt for $365 million")
US agencies, companies secure networks after hack, extent of damage unclear
US government agencies and private companies rushed to secure their computer networks after disclosure of a sophisticated cyber-espionage intrusion suspected of being carried out by Russian hackers
 "US agencies, companies secure networks after hack, extent of damage unclear")
Walmart to give 4th round of bonuses to workers since coronavirus
Walmart says for the fourth time during the pandemic it will be giving its 1.5 million U.S. part-time and full-time employees additional cash bonuses for their work.
 "Walmart to give 4th round of bonuses to workers since coronavirus")
Citing damage to economy, business leaders urge Trump to begin transition
Business leaders, along with a number of other Americans, are increasingly worried that delays in the typical transition planning will exacerbate the pandemic and slow plans to roll out vaccines.
 "Citing damage to economy, business leaders urge Trump to begin transition")
Exclusive: Goldman money funds' liquidity buffer swells before US election
Two Goldman Sachs Group Inc money-market funds, whipsawed in March by billions of dollars of investor withdrawals, have steadily amassed a liquidity cushion much larger than rivals
 "Exclusive: Goldman money funds' liquidity buffer swells before US election")
US agency hikes processing fee for visa applications by up to 75%
Hike may have a short-term cost impact on IT Indian companies, which are already ramping up hiring in the US and offshoring projects elsewhere.
 "US agency hikes processing fee for visa applications by up to 75%")
Corporate America puts $2 trillion in bank in run-up to election
While analysts have a million ways to spend it, the market's preference is clear: don't. Doing so has been bad for your stock.
 "Corporate America puts $2 trillion in bank in run-up to election")
Trump govt to make US firms pay more for H1-B staff, tighten visa rules
The move has been taken based on 'misinformation' and is conterproductive to US economy, says Nasscom
 "Trump govt to make US firms pay more for H1-B staff, tighten visa rules")
Covid-19: S&P Global sees US, European corporate default rates doubling
LONDON (Reuters) - The COVID-19 shock will double company default rates across the United States and Europe over the next 9 months, ratings agency S&P Global said on Tuesday, although it noted that the record downgrade pace of recent months was now slowing.
 "Covid-19: S&P Global sees US, European corporate default rates doubling")
Covid-19 impact: US commercial bankruptcy filings up 33% so far this year
Filings by individuals, however, are lower so far this year courtesy of government relief efforts.
 "Covid-19 impact: US commercial bankruptcy filings up 33% so far this year")
Devon Energy to acquire shale-oil rival WPX Energy for $2.56 billion
The all-stock deal comes as US shale companies have posted big losses on weak crude prices amid the Covid-19 pandemic and have struggled to raise new capital to restructure debt
 "Devon Energy to acquire shale-oil rival WPX Energy for $2.56 billion")
WeChat ban could hit competitiveness, revenue: US firms in Shanghai
SHANGHAI (Reuters) - U.S. companies based in the financial hub of Shanghai said Washington's planned ban on Chinese messaging app WeChat could badly hit their competitiveness and revenue should it apply to U.S. firms and citizens in China, a survey showed on Wednesday.
 "WeChat ban could hit competitiveness, revenue: US firms in Shanghai")
PM Modi to speak at India Ideas Summit, seek better ties with the US
Modi will be speaking a day after three of his ministers told participants about what the government has done to help businesses
 "PM Modi to speak at India Ideas Summit, seek better ties with the US")
China says US warning to firms in Xinjiang hurt global supply chain
China's commerce ministry said the US move had also affected the global economic recovery from the coronavirus pandemic
 "China says US warning to firms in Xinjiang hurt global supply chain")
Ban on H-1B visas short-sighted, threatens scholarly engagement: Harvard
The temporary suspension, the White House, argues will make more than half million jobs available to Americans
 "Ban on H-1B visas short-sighted, threatens scholarly engagement: Harvard")
