Samsung Replaces CEOs, Merges Units in Shake-Up

In a surprise move, Samsung Electronics replaced the heads of its three major business units and merged the company's mobile and consumer electronics businesses into a single unit.

 
Glaxo Says Its Antibody Drug Works Against Omicron

GlaxoSmithKline and Vir said their Covid-19 antibody treatment retained effectiveness against the Omicron variant in laboratory studies, even as early data suggests that similar treatments work less well against the strain.

 
Children's Finance App Greenlight Names CFO As It Prepares for IPO

Greenlight named Brian Dong its first permanent finance chief as it prepares to go public in the next 12 to 18 months.

 
Constellation Brands Agrees to Build Large Brewery in Southeastern Mexico

The brewer of Corona beer for U.S. consumers has agreed to build a brewery in southeastern Mexico, according to Mexican officials, almost two years after the nationalist government ordered the closure of a nearly completed $1.4 billion plant near the U.S.-Mexico border.

 
Instagram Unveils Tools to Keep Teens Safe

On the eve of a Senate subcommittee hearing, the platform shares plans for taking a "stricter approach" to content it shows users under 18.

 
Amazon Warehouses Are No Silver Bullet for Tired Shopping Malls

Few investors are queuing up to buy America's unloved regional shopping malls. Landlords like Westfield's owner need creative ways to unload them if they are to patch up their stock prices.

 
Alibaba Shares Rise on Shakeup Plans, Beijing Moves

Shares of Alibaba Group Holding Ltd. are leading tech shares higher in Hong Kong, tracking gains in the company's US-listed ADRs following a business reorganization as well as fresh moves by Beijing to stimulate China's slowing economy.

 
Stellantis in Push for Strong E-Vehicle Revenue Growth

Stellantis is targeting around EUR20 billion in additional revenue by 2030 through a rollout of new e-vehicle platforms and has partnered with Foxconn, among others, to help build the software.

 
Elliott Renews Attack on SSE Over Renewables

UPDATED: Activist investor Elliott has attacked SSE on its failure to explain why the energy group wasn't pursuing a listing of its renewables assets, which it estimates could unlock GBP5 billion of value.

 
ABB Boosts Growth Targets, Supply-Chain Concerns Remain

ABB updated its growth target to 4-7% and raised its earnings expectations to at least 15% from 2023, but flagged persistent supply-chain issues that will likely impact customer deliveries until at least the early part of next year.

(END) Dow Jones Newswires

December 07, 2021 07:00 ET (12:00 GMT)

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