News Highlights: Top Company News of the Day
December 07 2021 - 3:15PM
Dow Jones News
Amazon Web Services Outage Affects Thousands
Amazon.com's cloud-computing unit was down for thousands of
users Tuesday morning. Downdetector showed more than 11,300 reports
of outages for AWS just after 11 a.m. EST.
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.
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.
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.
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.
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.
Elon Musk Comes Out Against Federal Electric-Vehicle Spending
Elon Musk took aim at a signature Biden administration
legislative proposal and said China is adjusting to its growing
position as a dominant world power in an interview with The Wall
Street Journal.
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.
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.
(END) Dow Jones Newswires
December 07, 2021 15:00 ET (20:00 GMT)
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