Salesforce Confirms Deal to Buy Slack

The $27.7 billion purchase, which still has to clear Slack shareholder and regulatory approval, would be Salesforce's largest ever acquisition and boost its competition with rival Microsoft.

 
Supreme Court Voices Doubts Over Suit Alleging Nestle, Cargill Liable for Child Slavery

Some justices suggested that Congress, rather than the courts, was the better place to seek more expansive liability for child slavery.

 
BlackRock Emerges as Wall Street Player in Biden Administration

Two executives who have worked at BlackRock are set to take roles at the Treasury Department and National Economic Council.

 
Amazon Makes Mac Commitment, Opening Door to Apple Developers

Tech giants Amazon and Apple are joining forces to support the growing number of companies developing apps and other software for Apple devices.

 
Airbnb IPO Terms Send Valuation as High as $35 Billion

The San Francisco home-rental company plans to sell 50 million shares at $44 to $50 apiece.

 
Pfizer, Moderna Request Covid-19 Vaccine Authorization in Europe

The announcement brings hope that the EU will soon be able to start vaccinating its 448 million people against a disease that has done some of its earliest and worst damage on the continent.

 
Micron Technology Raises 1Q Profit, Revenue Outlook

Micron Technology raised forecasts for several key metrics for its fiscal first quarter.

 
Google, Facebook and Amazon Gain as Pandemic Reshapes Ad Spending

For the first time, more than half of U.S. advertising spending is set to go to digital platforms, the world's largest ad buyer said, a reflection of marketers' strategy shift as the pandemic pummeled the industry this year.

 
Nasdaq Seeks Board-Diversity Rule That Most Listed Firms Don't Meet

The exchange operator aims to require listed companies to include women and people of diverse racial identities or sexual orientations on their boards. More than three-quarters of those firms would fall short, a review found.

 
Transocean Says It Resolved Alleged Debt Default

The offshore-drilling contractor said it took steps to resolve allegations by bondholders that they were treated unfairly as the company took steps to ward off bankruptcy.

(END) Dow Jones Newswires

December 01, 2020 17:15 ET (22:15 GMT)

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