News Highlights: Top Company News of the Day
November 30 2021 - 2:30AM
Dow Jones News
FDA Moving to Authorize Pfizer-BioNTech Booster for 16-, 17-Year-Olds
The agency could authorize Covid-19 boosters as soon as next
week as concerns rise over a new, possibly more transmissible
variant.
Manulife Banks Nearly $4.7 Billion for Second Infrastructure Investment Fund
The Toronto-based insurer's investment arm has raised its
largest fund ever.
FTC Asks Amazon, Walmart for Information on Supply-Chain Issues
The Federal Trade Commission said that it is conducting a study
on supply-chain problems and shortages, as part of a study into
whether the problems have led to anticompetitive behavior and
higher prices.
Volvo Cars Full-Year on Target as Supply Situation Improves
Volvo Cars reported lower third-quarter net profit as chip
shortages and Covid-19 outbreaks in Southeast Asia led to temporary
production halts, but the Swedish automaker backed its full-year
guidance on strong demand.
Inditex Appoints New CEO
Zara-owner Inditex has appointed Oscar Garcia Maceiras as its
new chief executive and said the daughter of the Spanish fashion
group's founder is set to become chairwoman.
Lululemon Hits Back at Peloton, Sues Over Allegedly Copied Designs
The athletic-apparel maker says new Peloton items are knockoffs,
after Peloton last week asked a court to declare it didn't infringe
on designs.
Amazon Alabama Workers to Hold New Union Vote, Labor Official Rules
A federal official has tossed out results from a unionization
vote earlier this year, saying that the company violated labor law
in its campaign against organizing, according to the National Labor
Relations Board.
Microsoft's Nadella Sells Half of His Shares in Company
The software maker's chief executive shed holdings valued at
nearly $300 million last week, SEC filings show.
Schick Owner Edgewell Personal Care Buys Women's Razor Brand Billie
The $310 million deal comes after federal regulators had blocked
a deal for Gillette parent Procter & Gamble to acquire the
startup.
Jack Dorsey Steps Down as CEO of Twitter
The social-media company said Chief Technology Officer Parag
Agrawal would take the reins effective immediately.
(END) Dow Jones Newswires
November 30, 2021 03:15 ET (08:15 GMT)
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