News Highlights: Top Company News of the Day
S&P Global Nears Deal to Buy IHS Markit
S&P Global is nearing a deal to acquire IHS Markit for about
$44 billion, people familiar with the matter said. A deal would
combine two of Wall Street's largest data providers.
Airbnb, DoorDash Aim for Higher-Than-Expected Valuations
Airbnb is planning to target a range of around $30 billion to
$33 billion when the home-rental startup kicks off its investor
roadshow. DoorDash, meanwhile, plans to target a range of around
$25 billion to $28 billion.
Tesla's S&P 500 Debut Is Set to Put $100 Billion in Motion
The addition of a $555 billion company prone to huge price
swings is so daunting that S&P is considering adding Tesla's
weight over two separate trading days.
Grocery-Store Pharmacies Get Ready to Administer Covid-19 Vaccines
Grocers say they are well-positioned to provide Covid-19
immunizations because a large share of the population lives near
one of their stores and their pharmacies regularly offer shots for
flu, shingles and other illnesses.
Qantas to Outsource Ground Handling, Cut 2,000 More Jobs
Australia's biggest airline, Qantas Airways Ltd., said it will
outsource its ground-handling operations at 10 airports, leading to
another 2,000 job cuts.
GM's Closed Lordstown Factory Spawns a Wave of Industrial Migrants
The car maker's Lordstown plant was once a symbol of economic
might. It's now a symbol of the economic struggles of those in
factory jobs, with many of its former workers leaving their
families behind in Ohio in search of good pay and benefits in other
House to Vote on Booting Chinese Stocks From U.S. Over Audit Rules
Lawmakers next week are likely to force Chinese companies with
shares traded on American exchanges to finally comply with
audit-oversight rules-or leave U.S. markets altogether.
China Is Ready to Restart Cruises, but Big Companies Are Left Out
China is set to resume cruises soon, as its economy revives and
the pandemic remains largely under control. The catch is the
international cruise lines that spent the past decade building the
market from scratch aren't invited to the party.
Former Zappos CEO Dies at 46 After Fire
Tony Hsieh, who became a frequently studied management guru by
persuading millions of people to buy shoes online through Zappos,
has died at age 46 from injuries he sustained in a house fire.
United Begins Flying Doses of Pfizer's Covid-19 Vaccine
United Airlines began operating charter flights to position
doses of Pfizer's Covid-19 vaccine for quick distribution if the
shots are approved by regulators.
(END) Dow Jones Newswires
November 29, 2020 23:15 ET (04:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.