News Highlights: Top Company News of the Day
Amazon Emerges as the Wage-and-Benefits Setter for Low-Skilled Workers Across Industries
In local markets throughout America, e-commerce giant's
facilities have an impact on inflation, job markets and labor
Citigroup's Jane Fraser Expects to Shed Some Clients for Climate Purposes
The bank will outline its plans for how to respond to clients in
the energy industry.
Intel CEO Aims to Capitalize on Increased Car Automation With Mobileye IPO
The U.S. chip giant plans to retain a majority stake in the
self-driving car business.
Kellogg Workers Stay on Strike After Rejecting Tentative Agreement
About 1,400 workers have been on strike for two months,
demanding better pay and enhanced benefits.
Amazon Web Services Outage Takes Businesses, Services Offline
Amazon.com's cloud-computing unit was down for thousands of
users Tuesday morning. Downdetector showed more than 11,300 reports
of outages for AWS just after 11 a.m. EST.
Rohingya Refugees Sue Facebook for $150 Billion for Perpetuating Violence
The lawsuit alleges the social-media platform perpetuated the
genocide against the Muslim ethnic group in Myanmar.
Glaxo Says Its Antibody Drug Works Against Omicron
GlaxoSmithKline and Vir said their Covid-19 antibody treatment
retained effectiveness against the Omicron variant in laboratory
studies, even as early data suggests that similar treatments work
less well against the strain.
CNN Won't Pay Chris Cuomo Severance
The news anchor was fired on Saturday after a probe amid
revelations that he helped his brother, former New York Gov. Andrew
Cuomo, respond to allegations of sexual harassment.
Pfizer Could Have Done More to Help Low-Income Countries Handle Vaccines, CEO Says
Pfizer is able to ship more doses to low-income countries after
ramping up production but also should have helped more with vaccine
hesitancy and infrastructure, Albert Bourla said at The Wall Street
Journal's CEO Council.
Intel Will Race to Cash In Its Car Chips
Spinning Mobileye into a hot auto tech market makes sense-if it
can be done in time.
(END) Dow Jones Newswires
December 07, 2021 17:00 ET (22:00 GMT)
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