News Highlights: Top Company News of the Day
Clearlake Capital to Buy Quest Software From Francisco Partners
The deal values the former Dell unit at $5.4 billion, including
debt, sources say.
Amazon Expands Delivery Network to Handle Holiday Crunch
Amazon has blanketed the country with more than 450 new
facilities used to store, sort and ship items, doubling down on a
logistics empire that aims to deliver items in one day or less, and
increasingly without the help of third-party shippers.
Nissan to Spend $17.6 Billion on Battery-Powered Vehicles Over Five Years
Nissan says that by 2030 half of its vehicles sold will be
powered at least partly by batteries. The company hopes to
recapture a degree of the prominence it held in the EV race after
its pioneering introduction of the Leaf more than a decade ago.
Covid-19 Vaccine Makers Assess Omicron Response
Covid-19 vaccine makers have begun lab tests to see whether
existing shots work against the strain, and some have even begun
preparing new vaccines.
Activist Ancora Urges Berry Global to Explore a Sale
Ancora, which owns about 1% of Berry Global, is urging it to
explore strategic alternatives. The packaging manufacturer has a
roughly $9 billion market value.
Airlines Avoid Thanksgiving Pitfalls as Daily Passengers Top Two Million
Carriers say preparations for big crowds paid off after recent
stumbles as the Omicron Covid-19 variant adds new uncertainty to
Telecom Italia CEO Resigns
Telecom Italia said its Chief Executive Luigi Gubitosi has
resigned and that the board would start to consider the takeover
offer by KKR.
BP Plans Green Hydrogen Hub in England
BP said it planned a major green hydrogen project in Teesside,
that could deliver up to 500 megawatts of electricity by 2030,
mainly to fuel heavy transport.
Australia Seeks to Make Social-Media Firms Liable for Users' Defamatory Comments
The new legislation would create a defense for social-media
companies that disclose details of users when a complaint is made
against their comments.
Companies Respond to New Covid Variant With Concern, Confusion
The Omicron variant is leading U.S. companies in a range of
industries to consider how safety measures could be reinstated, but
many executives are saying they will hold off making changes to
operations until more is known.
(END) Dow Jones Newswires
November 29, 2021 07:15 ET (12:15 GMT)
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