SEC Settles with Cheesecake Factory Over Covid-19 Effect Claims 

The commission said the restaurant chain misled investors by saying that locations in the spring were "operating sustainably" when it was actually losing about $6 million in cash weekly.

Meatpacker JBS Removed At-Risk Workers from Plant Amid Virus Surge 

The largest U.S. beef processor last month sent home 202 Greeley, Colo., plant workers considered vulnerable to the coronavirus, allowing them to retain their full pay and benefits.

Glencore CEO Glasenberg to Retire After 18 Years at the Helm 

Ivan Glasenberg, the longtime chief executive of Glencore, is handing over the reins of the global mining and trading giant he built, saying he would retire in the first half of next year.

ESG Insights - Nasdaq Pushes for Board Diversity Rules 

This week, The Wall Street Journal's ESG research analysts looked at proposed board diversity rules, GM and Nikola's scaled-back deal, Credit Suisse's new chairman and more.

American Airlines Sees Lower Demand, Forward Bookings 

American Airlines Group said it has seen a slowing in demand and forward bookings due to the recent acceleration of the Covid-19 pandemic.

Moderna Expects to Produce Up to 145 Million Vaccine Doses by April 

Moderna disclosed new details about the expected supply of its Covid-19 vaccine, indicating it could provide enough by the end of March to immunize as many as 60 million people in the U.S. and 12.5 million outside the U.S.

Pfizer Slashed Vaccine Rollout Target After Supply Obstacles 

Pfizer and partner BioNTech had hoped to roll out 100 million vaccines world-wide by the end of this year, a plan that has since been reduced to 50 million.

Lyft's Path to Profits Could Stall in Traffic 

While the Covid-19 pandemic has damaged the company's ride-share volume, it may have boosted margins somewhat.

Huawei CFO in Talks With U.S. to Resolve Criminal Charges 

The Justice Department is discussing a deal that would allow Meng Wanzhou to return home to China from Canada, in exchange for admitting wrongdoing in a criminal case that has strained Beijing's relations with the U.S.

DOJ Sues Facebook Over H-1B Visas 

A 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.


(END) Dow Jones Newswires

December 04, 2020 13:15 ET (18:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.