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News Highlights: Top Company News of the Day

11/24/2020 | 11:16pm EST
JD Health Launches $3.5 Billion IPO in Hong Kong 

JD Health International, an online health-care business controlled by Chinese online retailing giant JD.com, has begun taking orders for a $3.5 billion initial public offering in Hong Kong.

PC Sales Help HP, Dell Offset Weak Office Spending 

Remote working fueled strong demand for Dell and HP personal computers in the latest quarter, cushioning the impact from lower office-equipment spending.

Gap Reports Flat Quarterly Sales as Holiday Shopping Gets Under Way 

Gap's quarterly sales rebounded from spring shutdowns but increased marketing weighed on profits. Executives cautioned that rising Covid-19 infections could slow visits to stores during the holiday season.

JPMorgan Chase Unit to Pay $250 Million Penalty Over Poor Internal Controls 

A top banking regulator fined a JPMorgan Chase unit $250 million over deficiencies in internal controls and internal audit practices.

J.Crew Changes CEOs for Third Time in Three Years 

The apparel seller replaced its chief executive after less than a year in the role and just a few months after it emerged from bankruptcy protection with new hedge-fund owners.

Penguin Random House Parent Near Deal to Buy Simon & Schuster From ViacomCBS 

ViacomCBSInc. is close to a deal to sell book publisher Simon & Schuster to German media giant Bertelsmann SE for more than $2 billion, according to people familiar with the matter.

Glitches Hit Trading Platforms Run By Bank of America, TD Ameritrade, Vanguard 

The popular platforms suffered glitches that rendered them inaccessible or slow to use, frustrating investors on a landmark day for the U.S. stock market.

More Than 940,000 Crock-Pots Recalled on Burn-Injury Reports 

Multicooker maker Sunbeam Products received 119 reports of lid detachment that led to 99 burn injuries, ranging from first- to third-degree burns in the U.S., according to the U.S. Consumer Product Safety Commission.

Purdue Pharma Pleads Guilty to Felonies Over OxyContin Sales 

The guilty plea follows the approval last week by a U.S. bankruptcy court judge of an $8.34 billion settlement between Purdue Pharma and the Justice Department.

Credit Suisse Takes $450 Million Hit on Stake in U.S. Hedge-Fund Firm 

Credit Suisse is taking a near half-billion-dollar charge on a stake in a hedge-fund business it bought during Wall Street's frenzy for alternative investments a decade ago.

(END) Dow Jones Newswires

11-24-20 2315ET

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -2.88% 33.01 Delayed Quote.8.91%
CREDIT SUISSE GROUP AG 0.08% 12.36 Delayed Quote.8.33%
JPMORGAN CHASE & CO. -1.79% 138.64 Delayed Quote.9.11%
TD AMERITRADE HOLDING CORPORATION -2.08% 39.97 End-of-day quote.-19.58%
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