Exxon to Continue Leaner Spending as Covid-19 Threat Lingers 

The Texas oil giant said it is sticking to decreased spending levels for years to come as the outlook for oil and gas demand remains murky while coronavirus-led economic risks persist.

Salesforce Needs to Keep Having It Both Ways 

The cloud giant has sharpened its focus on profitability, but investors still want high growth numbers as well.

UBS Taps JPMorgan Executive as CFO 

The Swiss bank named Sarah Youngwood as its next chief financial officer, another high-profile hire of an American banking veteran as it takes on wealth-management rivals in the U.S.

Ex-Mastercard CEO Ajay Banga to Join General Atlantic 

The card network's former chief is assuming the role of vice chairman, where he will advise the private-equity firm on strategy, with financial inclusion as one area of focus, General Atlantic said.

For Big Miners, U.S. Workers Are Most Reluctant to Get Vaccinated 

Mining companies operate in some of the least developed countries on the planet, but it is in the world's richest nation where they are finding it hardest to persuade staff to get inoculated.

CNN Suspends Chris Cuomo Indefinitely 

The network said records released Monday showing how the anchor aided his brother's response to sexual-misconduct allegations "raise serious questions."

GlobalFoundries Says Revenue Rose 56% as Chip Shortage Continues 

The financial report was the company's first as a public company, which started trading publicly in October.

Nuclear-Fusion Startup Lands $1.8 Billion as Investors Chase Star Power 

Commonwealth Fusion Systems has raised more than $1.8 billion from the likes of Bill Gates and George Soros as startups join the quest to generate carbon-free energy like the sun.

Voltus Going Public in $1.3 Billion SPAC Deal 

Voltus is going public by combining with a special-purpose acquisition company in a merger that values the electricity-market technology startup at about $1.3 billion, the companies said.

Beijing Goes Full Nanny State on Internet Tech 

A new set of rules on ride-sharing and online advertising shows just how intrusive Beijing is willing to be in its new regulatory push against consumer internet companies.


(END) Dow Jones Newswires

December 01, 2021 09:00 ET (14:00 GMT)

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