News Highlights: Top Company News of the Day
November 30 2020 - 10:30PM
Dow Jones News
Tesla to Enter S&P 500 at Full Weight in December
The electric-vehicle maker will be added to the broad
stock-market gauge before the start of trading Dec. 21, meaning
most index-tracking funds that follow the S&P 500 will engage
in a flurry of trading the Friday before.
Exxon Slashes Spending, Writes Down Assets
The struggling Texas oil giant is retreating from a plan to
increase spending to boost its oil and gas production by 2025 and
preparing to slash the book value of its assets by up to $20
billion.
Zoom's Pandemic-Fueled Boom Continues
The videoconferencing company posted another quarter of record
sales and again lifted its outlook as remote working and distance
schooling drags on during the pandemic.
Novavax Delays Covid-19 Vaccine Study Over Manufacturing Issues
Novavax has delayed starting a large, decisive clinical trial of
its Covid-19 vaccine in the U.S. and Mexico to sometime in the
coming weeks due to manufacturing issues, versus an earlier plan to
start by the end of November.
Bombardier Hires New CFO as It Works to Transform Its Business
Canada's Bombardier recruited a new finance chief to help with
its transformation into a pure-play business jet manufacturer, a
move that comes as the company is dealing with the effects of the
coronavirus pandemic and a U.K. investigation into suspected
bribery.
UniCredit's Mustier to Step Down as CEO Over Strategy Rift
Jean Pierre Mustier said it had become clear in recent months
that the core pillars of his strategy for the Italian bank "no
longer correspond to the board's current thinking."
Regulator Imposes Oversight on Westpac
Westpac Banking Corp. will be required to have liquidity risk
management reviewed by third parties after Australia's prudential
regulator found the lender had breached liquidity standards amid an
immature and reactive risk culture.
Facebook to Acquire Startup Valued at $1 Billion
The social-media giant is buying Kustomer, which specializes in
customer-service platforms and chatbots, as Facebook looks to
promote its platforms as a way to do business.
SBM Offshore Faces Swiss Probe Over Legacy Bribery Allegations
Oil-services firm SBM Offshore is facing an investigation by the
Swiss government into bribery allegations that the company said it
has already paid hundreds of millions of dollars to resolve in
three other countries.
NPC's Canceled Auctions Pave Way for Sale of Wendy's, Pizza Hut Chains to Flynn
Wendy's has opposed the sale to Flynn, the largest restaurant
franchisee in the U.S., and instead has made its own offer with a
consortium of regional franchisees.
(END) Dow Jones Newswires
November 30, 2020 23:15 ET (04:15 GMT)
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