News Highlights: Top Company News of the Day
Salesforce Confirms Deal to Buy Slack
The $27.7 billion purchase, which still has to clear Slack
shareholder and regulatory approval, would be Salesforce's largest
ever acquisition and boost its competition with rival
JD Health to Raise $3.5 Billion From Hong Kong IPO
The telemedicine arm of Chinese e-commerce giant JD.com Inc. is
set to raise $3.5 billion after pricing the offering at the top end
of the indicative range, ahead of a listing in Hong Kong,
Hewlett Packard Enterprise to Leave Silicon Valley for Texas
The tech giant is moving its headquarters to the Houston area,
the latest sign of how the pandemic is reshaping the way Silicon
Valley companies operate.
SoftBank Makes Another Bet on Freight Shipping Technology
The Japanese firm led a $113.5 million investment in Flock
Freight, a U.S. software startup that offers a service that uses
algorithms to match trucks with freight headed in the same
Westpac to Sell General Insurance Unit to Allianz
Westpac Banking Corp. has agreed to sell its general insurance
business to Allianz SE for US$534.4 million.
U.S. Regulators Flag Boeing 787 Landing Hazards
U.S. air-safety regulators have mandated changes in cockpit
procedures to combat potentially dangerous malfunctions of
automated landing systems on all Boeing Co. 787 jetliners.
Nasdaq CEO Pushes Corporate Boards to Diversify
Nasdaq proposed new rules that would require the boards of its
listed companies to meet certain minimum diversity requirements.
CEO Adena Friedman discussed the exchange operator's diversity plan
with The Wall Street Journal.
Seadrill Partners to Shop Assets in Bankruptcy
Offshore rig operator Seadrill Partners filed for chapter 11
bankruptcy protection with the support of a lender group and plans
to market its assets.
Equinox's Lenders Plan Another Rescue Loan
Lenders to Equinox Holdings are preparing for talks regarding a
potential rescue loan that would help the high-end fitness chain
refinance looming debt and avoid bankruptcy, according to people
familiar with the matter.
Supreme Court Voices Doubts Over Suit Alleging Nestle, Cargill Liable for Child Slavery
Some justices suggested that Congress, rather than the courts,
was the better place to seek more expansive liability for child
(END) Dow Jones Newswires
December 01, 2020 23:15 ET (04:15 GMT)
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