News Highlights: Top Company News of the Day
Vista's Sheth Resigns Weeks After CEO Smith Settles Tax Probe
Mr. Sheth was widely seen as the lead deal maker at Vista and
oversaw the firm's investment team. He joined Vista founder Robert
Smith in 2000, was named president in 2010 and played an
instrumental role in building the firm. Vista didn't specify a
reason for his departure.
United Begins Flying Pfizer's Covid-19 Vaccine
United Airlines began operating charter flights to position
doses for quick distribution if the shots are approved by
regulators, according to people familiar with the matter.
Hertz to Sell Donlen Fleet Business to Athene for $875 Million
Bankrupt rental-car company plans to use proceeds from the
proposed sale to pay down debt.
GM Plans to Seek Banking Charter to Grow Auto-Lending Business
General Motors Financial Company has been talking to banking
regulators for months about forming an industrial loan company and
could file applications to do so as early as December, people
familiar with the matter said.
Black Friday in a Pandemic Means Fewer Shoppers, Deals
Clothing retailers and department stores canceled orders and
discounted heavily to clear unsold merchandise during spring
lockdowns. Many have kept inventories slim since then, which allows
them to discount less.
Wary of New Lockdowns, CFOs Stand Ready With Covid Contingency Plans
Finance chiefs say they are better prepared to navigate
inventory challenges and cost cuts than they were last spring.
Slack Missed Out on Pandemic's Zoom Boom, Leaving It Vulnerable
When the coronavirus sent millions of professionals working
remotely, other companies seized the spotlight, making Slack a
potential acquisition target.
Spanish Lenders BBVA, Sabadell Abandon Merger Talks
Banco Bilbao Vizcaya Argentaria, Spain's second-largest lender
by assets, and smaller peer Banco de Sabadell ended their merger
talks because of disagreements over pricing, underlining that
consolidation in Europe's banking system remains complicated.
Spotify Needs More Than a Cup of Joe
Joe Rogan's podcast, about to go exclusive, will need to deliver
a big boost in paid users to justify the Spotify stock's run.
Cars Are Going Digital, But Detroit Has a Long Road Ahead
It will be awhile until car makers can reap the benefits of
turning your next vehicle into a giant smartphone
(END) Dow Jones Newswires
November 27, 2020 19:00 ET (00:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.