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News Highlights: Top Company News of the Day

03/11/2021 | 07:16pm EDT
WarnerMedia Boss Got $49 Million Stock Award 

Jason Kilar's 2020 compensation totaled $52.2 million, which included an award of restricted stock units valued at $49.2 million at the time they were given, according to a securities filing.

Ulta Names President David Kimbell as Next CEO 

Current leader Mary Dillon will move into an executive chairwoman role and serve on the board for one year.

Cyberattack Takes Down Systems at Molson Coors 

Molson Coors Beverage said it is experiencing disruption across its business following a cyberattack.

Verizon Launches $25 Billion Bond Sale to Pay for 5G Spectrum 

Verizon Communications is raising $25 billion in new debt to help the cellphone carrier settle a bill for spectrum licenses coming due this month.

AIA Group 2020 Value of New Business Fell 33% 

AIA Group's value of new business fell 33% last year as Covid-19 weighed on the insurer's operations, but growth has started to pick up in the first two month of the current year as pandemic restrictions ease.

GPB Capital Fraud Case Is Put on Hold 

Civil fraud claims pending against GPB Capital and three men who set up the private-equity firm are on hold after the Justice Department sought a stay in the Securities and Exchange Commission's case.

AMC Finds the Right Price with WarnerMedia 

The theater giant's deal with the studio may include a break in the fees AMC pays to rent films.

Grab Is in Talks to Go Public Through a SPAC Merger 

A SPAC merger could value the Southeast Asian ride-hailing startup at as much as $40 billion, making it by far the largest such deal on record.

CI Financial's Latest Deal Boosts U.S. Assets to $50 Billion 

The acquisitive Toronto-based company is buying Barrett Asset Management, a New York City-based wealth manager that advises on $2.5 billion in client assets.

Coupang Shares Rise 70% in Debut 

SoftBank-backed e-commerce giant's IPO is the largest from a foreign company since Alibaba Group's blockbuster 2014 debut.

(END) Dow Jones Newswires

03-11-21 1915ET

Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED 0.35% 86.8 End-of-day quote.-8.63%
ALIBABA GROUP HOLDING LIMITED 3.52% 150.18 Delayed Quote.-35.47%
SOFTBANK GROUP CORP. -0.05% 6624 End-of-day quote.-17.80%
VERIZON COMMUNICATIONS 0.18% 54.47 Delayed Quote.-7.46%
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