News Highlights: Top Company News of the Day
December 07 2021 - 1:30PM
Dow Jones News
Amazon Web Services Appears to Be Down for Many Users
Downdetector, which tracks website outages, showed more than
11,300 reports of outages for Amazon Web Services just after 11
a.m. EST.
Chris Cuomo Will Not Receive Severance, CNN President Says
The news anchor was fired on Saturday after probe amid
revelations that he helped his brother, former New York Gov. Andrew
Cuomo, respond to allegations of sexual harassment.
Starbucks CEO Asks Workers to Stick With Chain, Not Union
In his first public comments on labor-organizing efforts in
Starbucks's Buffalo, N.Y., market, Chief Executive Kevin Johnson
says a union could make the company less agile in responding to its
workforce.
Samsung Changes Come as Growth in Chips and Smartphones Faces Challenges
Merging its smartphone unit with its home appliances unit
reflects the company's plans to build a stronger Galaxy device
ecosystem, extending from its mobile devices into its other
consumer electronic products.
Pfizer Could Have Done More to Help Low-Income Countries Handle Vaccines, CEO Says
Pfizer is able to ship more doses to low-income countries after
ramping up production but also should have helped more with vaccine
hesitancy and infrastructure, Albert Bourla said at The Wall Street
Journal's CEO Council.
Rohingya Refugees Sue Facebook for $150 Billion for Perpetuating Violence
The lawsuit alleges the social-media platform perpetuated the
genocide against the Muslim ethnic group in Myanmar.
Intel Will Race to Cash In Its Car Chips
Spinning Mobileye into a hot auto tech market makes sense-if it
can be done in time.
High-Profile J.P. Morgan Advisor Sues Employer Over Alleged Client Poaching
Gwen Campbell, who oversees $1.1 billion, alleges J.P. Morgan's
private bank has been attempting to siphon away her clients and
their assets.
American Airlines CEO Doug Parker to Step Down
Chief Executive Doug Parker will step down next year after two
decades running airlines, handing the reins to a longtime
lieutenant as the company begins to emerge from the pandemic.
China Evergrande Heads Toward Default as It Misses Payment Deadline
The failure to make payments due on some U.S. dollar bonds
Monday, according to people familiar with the matter, potentially
sets the stage for a massive default and one of the China's biggest
debt restructurings.
(END) Dow Jones Newswires
December 07, 2021 13:15 ET (18:15 GMT)
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