News Highlights: Top Company News of the Day
November 25 2020 - 7:30AM
Dow Jones News
JD Health IPO Adds to Hale and Hearty Hong Kong Market
Hong Kong is having a standout year for stock listings, despite
political turmoil and the derailment of the world's largest initial
public offering.
EU Official Raises Vetting Concerns Over BlackRock Contract
An EU watchdog said the bloc's executive branch failed to
properly consider potential conflicts of interest when it chose
BlackRock to advise the EU on future banking regulations.
HBO Max Hopes 'Flight Attendant' Will Land Viewers
The new streaming service and its new boss see shows targeting
women and younger viewers as a way to stand out in a cluttered
video market.
Penguin Random House Parent Near Deal to Buy Simon & Schuster From ViacomCBS
ViacomCBS is close to a deal to sell book publisher Simon &
Schuster to German media giant Bertelsmann for more than $2
billion, according to people familiar with the matter.
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.
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.
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.
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.
Sealed Air Names New Finance Chief as Incumbent's Contract Nears End
Sealed Air has hired a replacement for its chief financial
officer, who had come out of retirement to take on the role after
the packaging company fired his predecessor in relation to an
investigation by U.S. securities regulators.
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.
(END) Dow Jones Newswires
November 25, 2020 07:15 ET (12:15 GMT)
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