Exxon Slashes Spending, Writes Down Assets

The struggling Texas oil giant is retreating from a plan to increase spending to boost its oil and gas production by 2025 and preparing to slash the book value of its assets by up to $20 billion.

 
Moderna to Ask FDA to Authorize Vaccine

The drugmaker is seeking approval for its Covid-19 vaccine after it was shown to be 94.1% effective, keeping the shot on track for use in the U.S. by year's end, alongside Pfizer and BioNTech.

 
S&P Beefs Up in Data With IHS Markit Deal

The company is already one of the world's largest financial-data companies, and its proposed $44 billion deal for IHS Markit stands to solidify that position.

 
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.

 
Novavax Delays Covid-19 Vaccine Study Over Manufacturing Issues

Novavax has delayed starting a large, decisive clinical trial of its Covid-19 vaccine in the U.S. and Mexico to sometime in the coming weeks due to manufacturing issues, versus an earlier plan to start by the end of November.

 
Tokyo Stock Exchange's CEO Resigns Over Shutdown

Tokyo Stock Exchange head Koichiro Miyahara resigned Monday, two months after computer problems caused one of the world's largest markets to halt trading for a full day.

 
UniCredit's Mustier to Step Down as CEO Over Strategy Rift

Jean Pierre Mustier said it had become clear in recent months that the core pillars of his strategy for the Italian bank 'no longer correspond to the board's current thinking.'

 
Bombardier Hires New CFO as It Works to Transform Its Business

Canada's Bombardier recruited a new finance chief to help with its transformation into a pure-play business jet manufacturer, a move that comes as the company is dealing with the effects of the coronavirus pandemic and a U.K. investigation into suspected bribery.

 
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.

(END) Dow Jones Newswires

November 30, 2020 19:00 ET (00:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.