News Highlights: Top Company News of the Day
November 24 2020 - 11:30PM
Dow Jones News
JD Health Launches $3.5 Billion IPO in Hong Kong
JD Health International, an online health-care business
controlled by Chinese online retailing giant JD.com, has begun
taking orders for a $3.5 billion initial public offering in Hong
Kong.
PC Sales Help HP, Dell Offset Weak Office Spending
Remote working fueled strong demand for Dell and HP personal
computers in the latest quarter, cushioning the impact from lower
office-equipment spending.
Gap Reports Flat Quarterly Sales as Holiday Shopping Gets Under Way
Gap's quarterly sales rebounded from spring shutdowns but
increased marketing weighed on profits. Executives cautioned that
rising Covid-19 infections could slow visits to stores during the
holiday season.
JPMorgan Chase Unit to Pay $250 Million Penalty Over Poor Internal Controls
A top banking regulator fined a JPMorgan Chase unit $250 million
over deficiencies in internal controls and internal audit
practices.
J.Crew Changes CEOs for Third Time in Three Years
The apparel seller replaced its chief executive after less than
a year in the role and just a few months after it emerged from
bankruptcy protection with new hedge-fund owners.
Penguin Random House Parent Near Deal to Buy Simon & Schuster From ViacomCBS
ViacomCBSInc. is close to a deal to sell book publisher Simon
& Schuster to German media giant Bertelsmann SE for more than
$2 billion, according to people familiar with the matter.
Glitches Hit Trading Platforms Run By Bank of America, TD Ameritrade, Vanguard
The popular platforms suffered glitches that rendered them
inaccessible or slow to use, frustrating investors on a landmark
day for the U.S. stock market.
More Than 940,000 Crock-Pots Recalled on Burn-Injury Reports
Multicooker maker Sunbeam Products received 119 reports of lid
detachment that led to 99 burn injuries, ranging from first- to
third-degree burns in the U.S., according to the U.S. Consumer
Product Safety Commission.
Purdue Pharma Pleads Guilty to Felonies Over OxyContin Sales
The guilty plea follows the approval last week by a U.S.
bankruptcy court judge of an $8.34 billion settlement between
Purdue Pharma and the Justice Department.
Credit Suisse Takes $450 Million Hit on Stake in U.S. Hedge-Fund Firm
Credit Suisse is taking a near half-billion-dollar charge on a
stake in a hedge-fund business it bought during Wall Street's
frenzy for alternative investments a decade ago.
(END) Dow Jones Newswires
November 24, 2020 23:15 ET (04:15 GMT)
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