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News Highlights: Top Company News of the Day

12/01/2020 | 07:16pm EST
Salesforce Confirms Deal to Buy Slack 

The $27.7 billion purchase, which still has to clear Slack shareholder and regulatory approval, would be Salesforce's largest ever acquisition and boost its competition with rival Microsoft.

Hewlett Packard Enterprise to Leave Silicon Valley for Texas 

The tech giant is the latest company to move away from the area long considered the hub of innovation.

Westpac to Sell General Insurance Unit to Allianz 

Westpac Banking Corp. has agreed to sell its general insurance business to Allianz SE for US$534.4 million.

Seadrill Partners to Shop Assets in Bankruptcy 

Offshore rig operator Seadrill Partners filed for chapter 11 bankruptcy protection with the support of a lender group and plans to market its assets.

Equinox's Lenders Plan Another Rescue Loan 

Equinox Holdings and its lenders are preparing for talks regarding a potential rescue loan that would help the high-end fitness chain refinance looming debt and avoid bankruptcy, according to people familiar with the matter.

Supreme Court Voices Doubts Over Suit Alleging Nestle, Cargill Liable for Child Slavery 

Some justices suggested that Congress, rather than the courts, was the better place to seek more expansive liability for child slavery.

BlackRock Emerges as Wall Street Player in Biden Administration 

Two executives who have worked at BlackRock are set to take roles at the Treasury Department and National Economic Council.

Amazon Makes Mac Commitment, Opening Door to Apple Developers 

Tech giants Amazon and Apple are joining forces to support the growing number of companies developing apps and other software for Apple devices.

Airbnb IPO Terms Send Valuation as High as $35 Billion 

The San Francisco home-rental company plans to sell 50 million shares at $44 to $50 apiece.

Pfizer, Moderna Request Covid-19 Vaccine Authorization in Europe 

The announcement brings hope that the EU will soon be able to start vaccinating its 448 million people against a disease that has done some of its earliest and worst damage on the continent.

(END) Dow Jones Newswires

12-01-20 1915ET

Stocks mentioned in the article
ChangeLast1st jan.
AIRBNB, INC. 8.57% 192.74 Delayed Quote.20.93%
ALLIANZ SE 1.33% 193.02 Delayed Quote.-5.09%
APPLE INC. 0.17% 143.16 Delayed Quote.4.81%
BLACKROCK, INC. -0.16% 721.85 Delayed Quote.0.20%
HEWLETT PACKARD ENTERPRISE COMPANY -0.65% 12.22 Delayed Quote.3.80%
MICROSOFT CORPORATION 1.22% 232.33 Delayed Quote.1.59%
MODERNA, INC. 3.35% 151.93 Delayed Quote.40.71%
PFIZER INC. 0.08% 37.31 Delayed Quote.1.28%
SEADRILL LIMITED -2.39% 0.272 Delayed Quote.5.13%
WESTPAC BANKING CORPORATION 0.05% 21.79 End-of-day quote.12.49%
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