News Highlights: Top Company News of the Day
DoorDash Is Set to Deliver SoftBank a Big Hit
SoftBank, whose strategy of pouring billions of dollars into
highly unprofitable startups was bogged down by some high-profile
flops a year ago, soon may have a notable winner to flaunt:
Pfizer, BioNTech's Covid-19 Vaccine Wins U.K. Authorization
Britain became the first Western nation to grant emergency-use
authorization for a Covid-19 vaccine, clearing a shot developed by
Pfizer and Germany's BioNTech to be distributed in limited numbers
JD Health Raises $3.5 Billion From Hong Kong's Red-Hot Capital Markets
The telemedicine arm of Chinese e-commerce giant JD.com raised
$3.5 billion in Hong Kong's largest initial public offering this
year, taking proceeds from new listings in the city to a 10-year
GardaWorld Raises G4S Bid
Canada's GardaWorld increased its offer for G4S by 24%, valuing
the London-listed security company at GBP3.68 billion.
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
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.
Big Companies Urge Action on Climate Change
More than 40 corporations, including Amazon, Citigroup and Ford,
said in a letter to Congress that they supported the U.S. rejoining
the Paris climate accord.
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.
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
(END) Dow Jones Newswires
December 02, 2020 07:15 ET (12:15 GMT)
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