News Highlights: Top Company News of the Day
Nestlé Sells $10 Billion of L'Oréal Shares Back to Beauty Giant
The maker of Nescafé coffee and Purina petfood said it would
sell 22.26 million L'Oréal shares back to the French company,
allowing the world's biggest packaged-food maker to capitalize on a
rally in the beauty giant's share price.
McDonald's to Back Diverse Restaurant Owners
The chain said it would offer $250 million in low-interest loans
to new franchisees over the next five years as a way to help
increase diverse ownership of its U.S. restaurants.
Pfizer Says Booster Neutralized Omicron but Variant May Elude Two Doses
Pfizer and BioNTech said that a third dose of their Covid-19
vaccine neutralized the Omicron variant in lab tests but that the
two-dose regimen was significantly less effective at blocking the
SoftBank Leads $300 Million Investment in Mental-Health Startup Cerebral
Latest financing for the telemedicine company values it at $4.8
Southwest Airlines Has Good News on Revenue, Fuel Costs
The airline said fourth-quarter revenue will be down 10% to 15 %
vs. the fourth quarter of 2019, compared with previous estimates of
a 15% to 25% fall.
Amazon Outage Disrupts Lives, Surprising People About Their Cloud Dependency
For many consumers, the blackout was an awakening to how many
internet-enabled devices they now have in their homes and how much
even some of their most basic daily needs depend on a connection to
Brazilian Digital Lender Nubank Set for One of 2021's Biggest IPOs
Since its founding in 2013, the online bank has disrupted
Brazil's big lenders and is planning to expand in Colombia and
Mexico and possibly enter healthcare and telecommunications
Lego to Build New Factory in Asia to Meet Rising Demand
The Danish toy maker is seeking to serve growing demand for its
plastic bricks in the region and double down on a supply-chain
strategy that held it in good stead through the pandemic.
Richard Branson-Backed SPAC Takes Grove Collaborative Public
A blank-check company backed by British billionaire Richard
Branson's Virgin Group is merging with natural-consumer-products
seller Grove Collaborative to take it public in a deal the
companies value at $1.5 billion.
Instagram Executive Faces Senate Hearing on Safety
Adam Mosseri is expected to face questioning on internal
research showing that the app can worsen body-image issues for some
girls. The hearing will be live streamed on WSJ.com this
(END) Dow Jones Newswires
December 08, 2021 11:00 ET (16:00 GMT)
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