News Highlights: Top Company News of the Day
December 02 2020 - 5:15PM
Dow Jones News
Judge in Google Antitrust Case Weighs How to Protect Business Secrets
A federal judge said the two sides in the case have work to do
in deciding who will have access to sensitive information provided
by third-party companies.
XPO Logistics to Spin Off Contract Logistics Business
The company intends to spin off its global contract logistics
business while keeping its trucking and freight brokerage
operations as a stand-alone business, the company said.
Dyal Capital in Talks to Combine With Owl Rock Capital
The talks are part of a complicated deal with a special-purpose
acquisition company that would value the fast-growing asset
managers at about $13 billion combined.
Amazon in Talks to Buy Podcast Maker Wondery
The tech giant is in exclusive talks to purchase the last large,
independent podcaster on the market, according to people familiar
with the matter, as it pushes further into the growing audio
sector.
Discovery Launches Streaming Service for Its Cable Shows
Discovery+ will launch on Jan. 4 and feature shows from channels
including Food Network, TLC and Animal Planet.
UPS Slaps Limits on Some Shippers
The delivery giant recently imposed volume restrictions on Gap,
Nike and some other large retailers, as the pandemic-driven surge
in online shopping puts pressure on its capacity.
DoorDash Is Set to Deliver SoftBank a Big Hit
SoftBank, whose strategy of pouring billions of dollars into
highly unprofitable startups was bogged down by some high-profile
flops a year ago, soon may have a notable winner to flaunt:
DoorDash.
Pfizer, BioNTech's Covid-19 Vaccine Wins U.K. Authorization
Britain became the first Western nation to grant emergency-use
authorization for a Covid-19 vaccine, clearing a shot developed by
Pfizer and Germany's BioNTech to be distributed in limited numbers
within days.
Home Appliances Get a Hygiene Makeover
The roughly $500 billion home-appliance industry is making a
hard pivot toward hygiene as the Covid-19 pandemic shows no sign of
moderating.
JD Health Raises $3.5 Billion From Hong Kong's Red-Hot Capital Markets
The telemedicine arm of Chinese e-commerce giant JD.com raised
$3.5 billion in Hong Kong's largest initial public offering this
year, taking proceeds from new listings in the city to a 10-year
high.
(END) Dow Jones Newswires
December 02, 2020 17:00 ET (22:00 GMT)
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