News Highlights: Top Company News of the Day
WeWork to Restate Results Due to Error With Its SPAC Acquirer
WeWork said in a securities filing it would restate several
quarters of results, including its latest quarter, and that
management has concluded there was a material weakness in its
Disney Elects Susan Arnold as Board Chairman, Replacing Robert Iger
Ms. Arnold has extensive experience on boards and with consumer
goods. Her career included positions at the Carlyle Group and
Procter & Gamble.
Square Changes Its Name to Block
The name change comes shortly after the company's CEO, Jack
Dorsey, stepped down at Twitter and aligns with his interest in
bitcoin and blockchain.
Junket Operator Suncity's Group Chairman Resigns
Junket operator Suncity Group Holdings Ltd.'s Chairman Alvin
Chau has resigned pending legal proceedings that involve
allegations of illegal gambling and money laundering
Bad Bunny, Taylor Swift, BTS Are Spotify's Most-Streamed Artists Globally for 2021
The Swedish company said Bad Bunny received over 9.1 billion
streams on its platform, making him its No. 1 streamed artist two
years in a row.
Twitter CEO Announcement Spotlights Rare Executive Move
Twitter promoted its chief technology officer to chief executive
earlier this week. Experts say such a move is rare, although
technology skills increasingly are valued in the corner office.
Innovid Shares Rise in Market Debut
The advertising tech firm went public Wednesday via a SPAC
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
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.
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.
(END) Dow Jones Newswires
December 01, 2021 21:15 ET (02:15 GMT)
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