News Highlights: Top Company News of the Day
Congress Sets Stage for Exiling Chinese Stocks From U.S. Over Audit Dispute
The House unanimously approved legislation that threatens a
trading ban of shares of Chinese companies, such as Alibaba, over
concerns that their audits aren't sufficiently regulated.
Judge in Google Antitrust Case Weighs How to Protect Business Secrets
A federal judge said the two sides in the case have work to do
in deciding who will have access to sensitive information provided
by third-party companies.
Macquarie Group to Acquire Waddell & Reed Financial
Macquarie Group has agreed to acquire U.S.-based asset and
wealth manager Waddell & Reed Financial for $1.7 billion.
Qantas to Ground International Flights Until July
Australia's biggest airline, Qantas Airways, said regular
international flights will remain mostly grounded until at least
July, though domestic capacity is ramping up as coronavirus
Coronavirus Pandemic Accelerated Cybersecurity Awareness at Mastercard, Rockwell Automation
Businesses are raising awareness of cybersecurity threats and
staying in closer touch with employees as they try to defend
networks supporting larger work-from-home populations since the
Covid-19 outbreak began.
XPO Logistics to Spin Off Contract Logistics Business
The company intends to spin off its global contract logistics
business while keeping its trucking and freight brokerage
operations as a stand-alone business, the company said.
Dyal Capital in Talks to Combine With Owl Rock Capital
The talks are part of a complicated deal with a special-purpose
acquisition company that would value the fast-growing asset
managers at about $13 billion combined and take them public.
Amazon in Talks to Buy Podcast Maker Wondery
The tech giant is in exclusive talks to purchase the last large,
independent podcaster on the market, according to people familiar
with the matter, as it pushes further into the growing audio
Discovery Launches Streaming Service for Its Cable Shows
Discovery+ will launch on Jan. 4 and feature shows from channels
including Food Network, TLC and Animal Planet.
UPS Slaps Limits on Some Shippers
The delivery giant recently imposed volume restrictions on Gap,
Nike and some other large retailers, as the pandemic-driven surge
in online shopping puts pressure on its capacity.
(END) Dow Jones Newswires
December 02, 2020 19:00 ET (00:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.