News Highlights: Top Company News of the Day
November 23 2020 - 9:30PM
Dow Jones News
BlackRock to Buy Equity-Index Provider Aperio for $1 Billion
BlackRock is acquiring Aperio Group LLC, a firm that helps build
custom portfolios for wealthy individuals, in a push by the world's
largest money manager to add more personalization to its
offerings.
York Capital Management to Largely Wind Down Hedge-Fund Operations
Billionaire hedge-fund manager Jamie Dinan plans to shut down
York's European hedge funds and to turn its flagship U.S. hedge
fund into one running mainly internal money.
GM Stops Backing Trump Administration in Emissions Fight With California
General Motors will no longer back the administration in its
legal battle to strip California's authority to set its own
fuel-efficiency regulations, saying GM's goals for green cars are
aligned with the state and the new Biden administration.
Apple Security Chief Offered iPads to Police as a Bribe for Gun Permits, Prosecutors Allege
Apple's head of security has been indicted on bribery charges
for a scheme in which prosecutors allege he offered iPads to secure
gun permits for his company's employees.
Guitar Center Files for Chapter 11 Bankruptcy to Outlast Pandemic
Guitar Center Inc. has filed for bankruptcy, planning to cut
about $800 million in debt to ensure the nation's largest seller of
musical instruments can withstand the economic turmoil caused by
the coronavirus pandemic.
AstraZeneca-Oxford Vaccine Up to 90% Effective in Trials
The success of the vaccine being developed by the University of
Oxford and AstraZeneca bodes well for the near-term availability of
a third treatment for Covid-19, joining those from Moderna as well
as Pfizer and BioNTech.
Google Plans Fiber-Optic Network to Connect Via Saudi Arabia, Israel for First Time
Project would connect the historical enemies, avoid Egypt and
open a new corridor for internet traffic.
GM to Recall 5.9 Million Vehicles With Takata Air-Bag Inflaters
General Motors has agreed to replace potentially faulty Takata
air-bag inflaters in millions of its pickups and SUVs, a fix
ordered by federal safety regulators that could cost the auto maker
more than $1 billion.
DuPont's Up-and-Down History Shaped Biden's Views on Business
"Uncle Dupie" was a leading employer and philanthropist in
Delaware, but declining profits and global competition put it in
the crosshairs of shareholder activist Nelson Peltz.
Regal Cinemas Owner Lands Financial Lifeline, Averting Bankruptcy
The owner of Regal Entertainment Group secured a financial
lifeline after creditors supplied the struggling movie theater
owner with a rescue loan and other debt relief.
(END) Dow Jones Newswires
November 23, 2020 21:15 ET (02:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.