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News Highlights: Top Company News of the Day

11/27/2020 | 07:16am EST
Spanish Lenders BBVA, Sabadell Abandon Merger Talks 
 

Banco Bilbao Vizcaya Argentaria, Spain's second-largest lender by assets, and smaller peer Banco de Sabadell ended their merger talks because of disagreements over pricing, underlining that consolidation in Europe's banking system remains complicated.

 
Cars Are Going Digital, But Detroit Has a Long Road Ahead 
 

It will be awhile until car makers can reap the benefits of turning your next vehicle into a giant smartphone

 
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.

 
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.

 
Ahead of Black Friday, Retailers Brace for an Exceptional Holiday Season 
 

Retailers are bracing for an unprecedented holiday shopping season, starting with the annual Black Friday ritual, set against the backdrop of a still-raging pandemic.

 
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.

 
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.

(END) Dow Jones Newswires

11-27-20 0715ET

Stocks mentioned in the article
ChangeLast1st jan.
ASCENA RETAIL GROUP, INC. -14.29% 0.105 Delayed Quote.75.00%
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. -0.82% 4.002 Delayed Quote.-0.82%
BANCO DE SABADELL, S.A. -4.99% 0.3654 Delayed Quote.3.22%
CENTRICA PLC -1.88% 50.1 Delayed Quote.7.51%
DEUTSCHE BANK AG -2.84% 8.9 Delayed Quote.-0.55%
MICROSOFT CORPORATION 0.44% 225.95 Delayed Quote.1.15%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.07% 75.172 Delayed Quote.0.19%
WIRECARD AG -44.85% 0.6 End-of-day quote.92.93%
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