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.

 
Hewlett Packard Enterprise to Leave Silicon Valley for Texas

The tech giant is the latest company to move away from the area long considered the hub of innovation.

 
Westpac to Sell General Insurance Unit to Allianz

Westpac Banking Corp. has agreed to sell its general insurance business to Allianz SE for US$534.4 million.

 
Seadrill Partners to Shop Assets in Bankruptcy

Offshore rig operator Seadrill Partners filed for chapter 11 bankruptcy protection with the support of a lender group and plans to market its assets.

 
Equinox's Lenders Plan Another Rescue Loan

Equinox Holdings and its lenders are preparing for talks regarding a potential rescue loan that would help the high-end fitness chain refinance looming debt and avoid bankruptcy, according to people familiar with the matter.

 
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.

(END) Dow Jones Newswires

December 01, 2020 19:15 ET (00:15 GMT)

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