News Highlights: Top Company News of the Day
November 27 2020 - 5:30AM
Dow Jones News
Spanish Lenders BBVA, Sabadell Abandon Merger Talks
Banco Bilbao Vizcaya Argentaria, Spain's second-largest lender
by assets, and smaller peer Banco de Sabadell ended their merger
talks because of disagreements over pricing, underlining that
consolidation in Europe's banking system remains complicated.
U.K.'s Centrica Seeks to Sell Liquefied Natural Gas Portfolio
The energy supplier is trying to sell its portfolio of LNG
supply contracts and other assets, according to people familiar
with the matter, as it seeks to simplify its operations amid
volatile LNG prices.
German Prosecutors Examine Ernst & Young's Role in Wirecard Collapse
German prosecutors said they are examining Ernst & Young's
role in the collapse of disgraced payments operator Wirecard,
ratcheting up pressure on the audit firm.
Ahead of Black Friday, Retailers Brace for an Exceptional Holiday Season
Retailers are bracing for an unprecedented holiday shopping
season, starting with the annual Black Friday ritual, set against
the backdrop of a still-raging pandemic.
With Slack, Salesforce Would Put Heat on Microsoft
The battle to be the go-to business-software provider is
intensifying, as Salesforce looks to acquire Slack
Technologies.
Outside Monitors Urge Deutsche Bank to Quit Russia
Monitors appointed by New York state's Department of Financial
Services told the German lender it should drop plans to expand in
Russia.
Social Media's Liability Shield Is Under Assault
Section 230 is facing threats unlike anything in its 24-year
history, with potentially significant consequences for websites
that host user content.
Disney Plans More Layoffs as Pandemic Hits Businesses
The entertainment company said it would lay off about 32,000
employees, primarily at its theme parks, as the coronavirus
pandemic continues to drag on its businesses.
Sycamore Bids $540 Million for Ann Taylor, Other Ascena Brands
Ascena Retail Group said the private equity firm has committed
to retaining a "substantial portion" of the stores it seeks to buy
out of bankruptcy.
JD Health IPO Will Set Hearts Racing
The record initial public offering of fintech giant Ant Group
crashed before taking off. Another Chinese tech listing in Hong
Kong should fare better.
(END) Dow Jones Newswires
November 27, 2020 05:15 ET (10:15 GMT)
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