Starbucks Union Battle to Be Decided by Baristas in Labor-Friendly Buffalo, N.Y. 

Dozens of baristas and other workers at three Starbucks cafes in the Buffalo, N.Y., area are set to finish voting today on whether to organize, potentially bringing another union to New York state's second-largest city.

Allergan Reaches $200 Million Opioid Settlement With New York Authorities 

The agreement settles claims that AbbVie unit helped create a public nuisance by allowing opioids to flood the region, according to the company and the state attorney general's office.

Finra Fines Wells Fargo $2 Million Over Record-Keeping Lapses 

Wells Fargo failed to properly maintain certain client records and only informed Finra of the issue more than three years after first discovering it, according to the regulator.

Deutsche Post DHL Names Tobias Meyer as CEO 

Longtime company executive Tobias Meyer will succeed Frank Appel as CEO of the express and logistics giant.

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 virus.

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.

SoftBank Leads $300 Million Investment in Mental-Health Startup Cerebral 

Latest financing for the telemedicine company values it at $4.8 billion.

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.

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 the cloud.


(END) Dow Jones Newswires

December 08, 2021 15:15 ET (20:15 GMT)

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