News Highlights: Top Company News of the Day
Exxon Slashes Spending, Writes Down Assets
The struggling Texas oil giant is retreating from a plan to
increase spending to boost its oil and gas production by 2025 and
preparing to slash the book value of its assets by up to $20
Moderna to Ask FDA to Authorize Vaccine
The drugmaker is seeking approval for its Covid-19 vaccine after
it was shown to be 94.1% effective, keeping the shot on track for
use in the U.S. by year's end, alongside Pfizer and BioNTech.
S&P Beefs Up in Data With IHS Markit Deal
The company is already one of the world's largest financial-data
companies, and its proposed $44 billion deal for IHS Markit stands
to solidify that position.
Zoom's Pandemic-Fueled Boom Continues
The videoconferencing company posted another quarter of record
sales and again lifted its outlook as remote working and distance
schooling drags on during the pandemic.
Novavax Delays Covid-19 Vaccine Study Over Manufacturing Issues
Novavax has delayed starting a large, decisive clinical trial of
its Covid-19 vaccine in the U.S. and Mexico to sometime in the
coming weeks due to manufacturing issues, versus an earlier plan to
start by the end of November.
Tokyo Stock Exchange's CEO Resigns Over Shutdown
Tokyo Stock Exchange head Koichiro Miyahara resigned Monday, two
months after computer problems caused one of the world's largest
markets to halt trading for a full day.
UniCredit's Mustier to Step Down as CEO Over Strategy Rift
Jean Pierre Mustier said it had become clear in recent months
that the core pillars of his strategy for the Italian bank 'no
longer correspond to the board's current thinking.'
Bombardier Hires New CFO as It Works to Transform Its Business
Canada's Bombardier recruited a new finance chief to help with
its transformation into a pure-play business jet manufacturer, a
move that comes as the company is dealing with the effects of the
coronavirus pandemic and a U.K. investigation into suspected
Facebook to Acquire Startup Valued at $1 Billion
The social-media giant is buying Kustomer, which specializes in
customer-service platforms and chatbots, as Facebook looks to
promote its platforms as a way to do business.
SBM Offshore Faces Swiss Probe Over Legacy Bribery Allegations
Oil-services firm SBM Offshore is facing an investigation by the
Swiss government into bribery allegations that the company said it
has already paid hundreds of millions of dollars to resolve in
three other countries.
(END) Dow Jones Newswires
November 30, 2020 19:00 ET (00:00 GMT)
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