News Highlights: Top Company News of the Day
Pfizer Slashed Its Original Covid-19 Vaccine Rollout Target After Supply-Chain Obstacles
Pfizer and Germany-based partner BioNTech SE had hoped to roll
out 100 million vaccines world-wide by the end of this year, a plan
that has now been reduced to 50 million.
Southwest Outlines Plans for Potential Furloughs Next Year
Southwest Airlines on Thursday told more than 6,800 employees
that their jobs are at risk as the coronavirus pandemic continues
to decimate demand for air travel.
Luminar Rises in Market Debut, Making 25-Year-Old Founder a Billionaire
The company, which produces sensor technology for self-driving
cars, was started by founder and CEO Austin Russell when he was
Warner Bros. to Release All 2021 Films on HBO Max, in Theaters Simultaneously
Warner Bros. will release its entire 2021 slate of theatrical
films simultaneously in theaters and on HBO Max streaming service,
taking the most drastic step yet in eliminating the exclusivity
theater chains have enjoyed for decades.
Trump Administration Says Facebook Improperly Reserved Jobs for H-1B Workers
A Justice Department lawsuit accuses the social-media company of
illegally reserving high-paying jobs for immigrant workers it was
sponsoring for permanent residence and of failing to adequately
search for U.S. hires.
Dollar Stores Start Moving Upmarket
Dollar General and Dollar Tree are raising their sights to
higher-margin items such as party goods and home accessories.
Boeing Wins First Big 737 MAX Order Since Grounding Ended
Ryanair Holdings agreed to buy 75 of Boeing's 737 MAX jets, a
boost for the troubled plane maker following the aircraft's
Energy Trader Vitol Paying $90 Million to Settle U.S. Corruption Charges
A U.S. subsidiary of Swiss-based energy firm Vitol Group agreed
to pay $90 million to settle criminal charges that its employees
paid bribes to gain an advantage when bidding for oil in Brazil,
Mexico and Ecuador.
3M Cuts Jobs After Pandemic Dents Sales
The industrial conglomerate plans to cut 2,900 jobs as demand
for its N95 masks has been offset by lower sales of office
supplies, industrial products and other goods.
Salesforce's Slack Deal Faces Post-Pandemic Test
Salesforce.com's proposed purchase of workplace collaboration
software pioneer Slack Technologies was prompted by the pandemic,
but its success will hinge on whether it delivers in the
post-lockdown world, analysts say.
(END) Dow Jones Newswires
December 03, 2020 17:00 ET (22:00 GMT)
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