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News Highlights: Top Company News of the Day

11/27/2020 | 01:16am EST
German Prosecutors Examine Ernst & Young's Role in Wirecard Collapse 

German prosecutors said they are examining Ernst & Young's role in the collapse of disgraced payments operator Wirecard, ratcheting up pressure on the audit firm.

With Slack, Salesforce Would Put Heat on Microsoft 

The battle to be the go-to business-software provider is intensifying, as Salesforce looks to acquire Slack Technologies.

Outside Monitors Urge Deutsche Bank to Quit Russia 

Monitors appointed by New York state's Department of Financial Services told the German lender it should drop plans to expand in Russia.

Social Media's Liability Shield Is Under Assault 

Section 230 is facing threats unlike anything in its 24-year history, with potentially significant consequences for websites that host user content.

Disney Plans More Layoffs as Pandemic Hits Businesses 

The entertainment company said it would lay off about 32,000 employees, primarily at its theme parks, as the coronavirus pandemic continues to drag on its businesses.

U.K.'s Centrica Seeks to Sell Liquefied Natural Gas Portfolio 

The energy supplier is trying to sell its portfolio of LNG supply contracts and other assets, according to people familiar with the matter, as it seeks to simplify its operations amid volatile LNG prices.

Sycamore Bids $540 Million for Ann Taylor, Other Ascena Brands 

Ascena Retail Group said the private equity firm has committed to retaining a "substantial portion" of the stores it seeks to buy out of bankruptcy.

JD Health IPO Will Set Hearts Racing 

The record initial public offering of fintech giant Ant Group crashed before taking off. Another Chinese tech listing in Hong Kong should fare better.

AstraZeneca Defends Dosing Error in Covid-19 Vaccine Trial 

A top AstraZeneca executive pushes back against criticism that the company failed to disclose enough data from a clinical trial of its Covid-19 vaccine.

Facebook's Latest Error Shakes Advertisers' Confidence 

The company quietly told advertisers this month that its "conversion lift" tool, used to measure outcomes, overestimated some campaign results.

(END) Dow Jones Newswires

11-27-20 0115ET

Stocks mentioned in the article
ChangeLast1st jan.
ASCENA RETAIL GROUP, INC. -2.12% 0.1199 Delayed Quote.104.17%
ASTRAZENECA PLC 1.66% 7777 Delayed Quote.4.45%
CENTRICA PLC -1.88% 50.1 Delayed Quote.9.57%
DEUTSCHE BANK AG -2.84% 8.9 Delayed Quote.2.36%
MICROSOFT CORPORATION 1.12% 227.41 Delayed Quote.0.86%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.81% 75.24229 Delayed Quote.-0.40%
WIRECARD AG -44.85% 0.6 End-of-day quote.92.93%
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