News Highlights: Top Company News of the Day
December 03 2020 - 11:30PM
Dow Jones News
Huawei CFO in Talks With U.S. to Resolve Criminal Charges
The Justice Department is discussing an arrangement with Meng
Wanzhou that would allow her to return home to China from Canada,
in exchange for admitting wrongdoing in a criminal case that has
strained Beijing's relations with the U.S. and Canada.
Pfizer Slashed Its Original Covid-19 Vaccine Rollout Target After Supply-Chain Obstacles
Pfizer and partner BioNTech had hoped to roll out 100 million
vaccines world-wide by the end of this year, a plan that has since
been reduced to 50 million.
Moderna Expects to Produce Up to 145 Million Vaccine Doses by April
Moderna disclosed new details about the expected supply of its
Covid-19 vaccine, indicating it could provide enough by the end of
March to immunize as many as 60 million people in the U.S. and 12.5
million outside the U.S.
Justice Department Accuses Facebook of Favoring H-1B Workers in Hiring
A lawsuit accuses the social-media company of illegally
reserving high-paying jobs for immigrant workers it was sponsoring
for permanent residence and of failing to adequately search for
U.S. hires.
Prominent AI Researcher Says Google Fired Her
Timnit Gebru says she was fired after she refused to retract a
research paper and complained about Google in an email to
colleagues.
Capital One CFO to Leave for Health-Insurance Startup
Capital One on Thursday said Chief Financial Officer R. Scott
Blackley resigned, effective March 1. He will take up his new post
as the CFO of Oscar on March 16, the insurance provider said.
Southwest Outlines Plans for Potential Furloughs Next Year
Southwest Airlines on Thursday told more than 6,800 employees
that their jobs are at risk as the coronavirus pandemic continues
to decimate demand for air travel.
Blue Moon Group Plans Up to $1.27 Billion Hong Kong IPO
China-based Blue Moon Group Holdings plans to raise as much as
$1.27 billion through an initial public offering in Hong Kong, the
latest firm seeking to test investors' appetite in the active
equities fundraising market.
Rolls-Royce Prunes Civil Aerospace Business for Potential Sale
As the pandemic continues to roil the travel industry,
Rolls-Royce Holdings is looking at its civil aerospace business
with an eye to unlocking new growth and capabilities, and
eventually selling it altogether.
Some Companies Aren't Recognizing, Mitigating AI's Potential Pitfalls
For companies to mitigate the potential pitfalls associated with
artificial intelligence projects, they first have to recognize
risks associated with adopting the technology. Recent findings from
consulting firm McKinsey & Co. show that many firms are behind
on both fronts.
(END) Dow Jones Newswires
December 03, 2020 23:15 ET (04:15 GMT)
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