News Highlights: Top Company News of the Day
Airbnb IPO Terms Send Valuation as High as $35 Billion
The San Francisco home-rental company plans to sell 50 million
shares at $44 to $50 apiece.
Pfizer, Moderna Request Covid-19 Vaccine Authorization in Europe
The announcement brings hope that the EU will soon be able to
start vaccinating its 448 million people against a disease that has
done some of its earliest and worst damage on the continent.
Micron Technology Raises 1Q Profit, Revenue Outlook
Micron Technology raised forecasts for several key metrics for
its fiscal first quarter.
Google, Facebook and Amazon Gain as Pandemic Reshapes Ad Spending
For the first time, more than half of U.S. advertising spending
is set to go to digital platforms, the world's largest ad buyer
said, a reflection of marketers' strategy shift as the coronavirus
pandemic pummeled the industry this year.
Nasdaq Proposes Board-Diversity Rule for Listed Companies
The exchange operator said it aims to require listed companies
to include women and people of diverse racial identities or sexual
orientation on their boards.
Transocean Says It Resolved Alleged Debt Default
The offshore-drilling contractor said it took steps to resolve
allegations by bondholders that they were treated unfairly as the
company took steps to ward off bankruptcy.
Sephora to Set Up Shop Inside Kohl's
Sephora plans to install 850 shops inside Kohl's stores by 2023,
upending the beauty retailer's longstanding partnership with J.C.
Reddit Claims 52 Million Daily Users, Revealing a Key Figure for Social-Media Platforms
Reddit averaged 52 million daily active users in October, up 44%
from the same month a year earlier.
Amazon Makes Mac Commitment, Opening Door to Apple Developers
Tech giants Amazon and Apple are joining forces to support the
growing number of companies developing apps and other software for
Credit Suisse Taps Lloyds Boss as Next Chairman
Credit Suisse named António Horta-Osório as its next chairman,
marking a changing of the guard after a decade under current
chairman Urs Rohner punctuated by regulatory fines and scandal.
(END) Dow Jones Newswires
December 01, 2020 11:15 ET (16:15 GMT)
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