News Highlights: Top Company News of the Day
Disney Plans More Layoffs as Pandemic Hits Businesses
The entertainment company said it would lay off about 32,000
employees, primarily at its theme parks, as the coronavirus
pandemic continues to drag on its businesses.
AstraZeneca Defends Dosing Error in Covid-19 Vaccine Trial
A top AstraZeneca executive pushes back against criticism that
the company failed to disclose enough data from a clinical trial of
its Covid-19 vaccine.
JD Health IPO Will Set Hearts Racing
The record initial public offering of fintech giant Ant Group
crashed before taking off. Another Chinese tech listing in Hong
Kong should fare better.
Repsol Unveils Five-Year Investment Plan
Repsol said it would invest EUR18.3 billion until 2025 in a push
to accelerate its energy transition, become more sustainable and
boost shareholder returns.
Remy Cointreau Sees Rebound as Profit Tops Hopes
Remy Cointreau posted a better-than-forecast interim operating
profit of EUR106.2 million and said it continues to expect a
second-half recovery, led by the U.S. and China.
Facebook's Latest Error Shakes Advertisers' Confidence
The company quietly told advertisers this month that its
"conversion lift" tool, used to measure outcomes, overestimated
some campaign results.
TikTok Granted Extension on Divestiture Order
Federal officials have granted TikTok and its Chinese parent
ByteDance a weeklong extension of a deadline for completing a
divestiture deal, in another delay of the Trump administration's
effort to turn the social-media app into an American company.
Amazon Web Services Hit by Outage
The company said it was experiencing errors that were causing
issues for a range of cloud-software programs in its region
covering the eastern part of the U.S.
Justice Department Clears Intuit to Buy Credit Karma
Antitrust officials cleared Credit Karma's pending $7.1 billion
sale to TurboTax maker Intuit after the two companies agreed to
divest Credit Karma's burgeoning tax-preparation business.
Salesforce Is in Talks to Acquire Slack Technologies
A deal, which would mark a big move by the corporate-software
maker into office communications, could be reached in days.
(END) Dow Jones Newswires
November 26, 2020 17:15 ET (22:15 GMT)
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