Slack Gets Ahead of the News

At least give Slack Technologies credit for not ignoring the elephant in the room. And Microsoft is an awfully big elephant.

 
Tiffany Dragged Down by Weak U.S. Demand

Tiffany reported flat quarterly sales as softness in the U.S. market offset growth in mainland China, highlighting the challenges LVMH faces once it takes over the famed American jeweler.

 
BlackRock Executive Ousted for Failing to Disclose Personal Relationship

Mark Wiseman, a potential heir to the top job at BlackRock, has been ousted from the money-management giant for failing to disclose a relationship with a colleague.

 
Saudi Aramco IPO Expected to Value Firm at $1.7 Trillion

Saudi Aramco is poised to price its initial public offering at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in what would be the world's biggest-ever IPO.

 
Moncler Downplays Reports of M&A Talks With Kering as Shares Soar

Moncler's main shareholder and chief executive Remo Ruffini threw cold water on reports that the company has held exploratory talks with French luxury-goods conglomerate Kering over a possible deal.

 
Glencore Faces Bribery Probe

Britain's top financial cop said it is investigating Glencore for alleged bribery, sending shares of the mining and trading giant down almost 9%.

 
Sage Therapeutics Shares Plummet on Depression-Treatment Study Results

Sage Therapeutics' share price was cut in half, erasing more than $4 billion in market value, after the company said an experimental depression drug failed a Phase 3 trial.

 
United Airlines CEO to Step Down

United Airlines said Chief Executive Officer Oscar Munoz will become executive chairman in May, with President Scott Kirby taking the CEO post.

 
Fiat Chrysler Is Told to Pay $1.6 Billion in Italian Back Taxes

Italy is demanding unpaid taxes from Fiat Chrysler, in another hit to the car maker as it tries to complete its merger with Peugeot maker PSA Group while defending itself against a major lawsuit from General Motors.

 
GM, LG to Spend $2.3 Billion on Electric-Car Battery Venture

General Motors and South Korea's LG Chem plan to build a large battery-cell factory in Ohio, the latest example of auto makers plowing money into electric cars.

(END) Dow Jones Newswires

December 05, 2019 13:15 ET (18:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.