BuzzFeed to Acquire HuffPost in Stock Deal With Verizon Media
BuzzFeed is acquiring Verizon Media's HuffPo, the companies said, uniting two large digital media players in a sector looking to jump-start growth.
GM Ups Bet on EVs as Investors Swoon For Electric Cars
The automaker is raising its bet on electric cars by more than a third, as it hustles to convince a skeptical Wall Street that it too can be successful in the nascent market.
Sonos Hits the Right Notes This Time
Shares of the speaker maker soared after it reported strong quarterly results and projected better-than-expected revenue growth.
Nasdaq to Buy Anti-Financial Crime Firm Verafin for $2.75 Billion
The Verafin acquisition would be New York-based Nasdaq's largest deal in more than a decade and its latest effort to diversify away from its core exchange business into technology.
Airlines Flag Falling Bookings as Covid-19 Cases Climb
Travelers are calling off holiday trips as Covid-19 case counts surge around the country, threatening airlines' hopes for bringing in more revenue this year.
Macy's CEO to States: Don't Close Us Down Again
The retailer hopes to keep stores open during the critical holiday period even as coronavirus cases spike, renewing debate over "essential or nonessential" businesses.
Oxford, AstraZeneca Vaccine's Strong Response in Elderly Confirmed in Review
A Covid-19 vaccine being developed by the University of Oxford and AstraZeneca showed promising immune responses in elderly and older adults, with fewer serious side effects than in younger volunteers, according to a just-published interim analysis previewed in late October.
AI Fraud-Detection Company Forter Raises $125 Million
Forter, which helps e-commerce merchants combat fraud, said the fundraising round gave it a post-money valuation of $1.3 billion.
Big Chinese Broker Faces Probe After State-Owned Coal Miner's Default
One of China's largest securities firms is under investigation for suspected market manipulation and its role in the recent debt-related woes of a state-owned coal miner, following a tumultuous week in Chinese credit markets.
Coca-Cola Improperly Shifted Profits Abroad, Tax Court Rules
The beverage giant placed too much of its profit in its foreign operations instead of its higher-taxed domestic parent company, a U.S. Tax Court judge ruled.
(END) Dow Jones Newswires
11-19-20 1515ET
