News Highlights: Top Company News of the Day
November 30 2020 - 5:30PM
Dow Jones News
Zoom's Pandemic-Fueled Boom Continues
The videoconferencing company posted another quarter of record
sales and again lifted its outlook as remote working and distance
schooling drags on during the pandemic.
UniCredit CEO Jean Pierre Mustier to Leave Bank in April
Italian bank UniCredit SpA said late Monday that its chief
executive will leave the bank at the end of its mandate.
Facebook to Acquire Startup Valued at $1 Billion
The social-media giant is buying Kustomer, which specializes in
customer-service platforms and chatbots, as Facebook looks to
promote its platforms as a way to do business.
SBM Offshore Faces Swiss Probe Over Legacy Bribery Allegations
Oil-services firm SBM Offshore is facing an investigation by the
Swiss government into bribery allegations that the company said it
has already paid hundreds of millions of dollars to resolve in
three other countries.
DoorDash Sets IPO Terms Pushing Valuation as High as $32 Billion
DoorDash said it plans to sell 33 million shares in an initial
public offering that could give the food-delivery company a
valuation of as much as $32 billion.
S&P Global Agrees to Buy IHS Markit
S&P Global has agreed to acquire IHS Markit for about $44
billion in a deal that would combine two of Wall Street's largest
data providers.
NPC's Canceled Auctions Pave Way for Sale of Wendy's, Pizza Hut Chains to Flynn
Wendy's has opposed the sale to Flynn, the largest restaurant
franchisee in the U.S., and instead has made its own offer with a
consortium of regional franchisees.
Moderna to Ask FDA to Authorize Vaccine
The drugmaker is seeking authorization for its Covid-19 vaccine
after it was shown to be 94.1% effective, keeping the shot on track
to go into use in the U.S. by year's end, alongside Pfizer and
BioNTech's.
Facebook, Google to Face New Antitrust Suits in U.S.
Big Tech's legal woes are expected to worsen in the coming weeks
as federal and state antitrust authorities prepare to file as many
as four more cases targeting the tech giants by the end of
January.
GM Won't Take Stake in Nikola
The auto maker will no longer take an equity stake in the
electric-truck maker under a stripped-down agreement, a significant
retrenchment from an earlier pact that fueled investor enthusiasm
for both companies.
(END) Dow Jones Newswires
November 30, 2020 17:15 ET (22:15 GMT)
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