News Highlights: Top Company News of the Day
Match Group Settles Lawsuit Over Tinder's Valuation
The company said it would pay $441 million to plaintiffs,
including Tinder's co-founders, who had alleged that Match
undervalued the dating app to cheat them out of billions of
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
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
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.
(END) Dow Jones Newswires
December 01, 2021 11:15 ET (16:15 GMT)
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