Tesla to Enter S&P 500 at Full Weight in December

The electric-vehicle maker will be added to the broad stock-market gauge before the start of trading Dec. 21, meaning most index-tracking funds that follow the S&P 500 will engage in a flurry of trading the Friday before.

 
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.

 
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.

 
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.

 
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."

 
Regulator Imposes Oversight on Westpac

Westpac Banking Corp. will be required to have liquidity risk management reviewed by third parties after Australia's prudential regulator found the lender had breached liquidity standards amid an immature and reactive risk culture.

 
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.

 
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.

(END) Dow Jones Newswires

November 30, 2020 23:15 ET (04:15 GMT)

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