News Highlights: Top Company News of the Day
About 150 U.S. Cadillac Dealers to Exit Brand Rather Than Sell Electric Cars
Dealers have decided to part ways with Cadillac, rather than
invest in costly upgrades required to sell electric cars, according
to people familiar with the plans.
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
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
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.
Supply-Chain Obstacles Led to Last Month's Cut to Pfizer's Covid-19 Vaccine-Rollout Target
Pfizer and partner BioNTech had hoped to roll out 100 million
vaccines world-wide by the end of this year, a plan that was
reduced to 50 million last month, highlighting the challenges drug
makers face in rapidly building supply chains to meet the high
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.
(END) Dow Jones Newswires
December 04, 2020 17:15 ET (22:15 GMT)
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