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News Highlights : Top Company News of the Day

11/28/2021 | 09:16pm EST
Clearlake Capital to Buy Quest Software From Francisco Partners 

The deal values the former Dell unit at $5.4 billion, including debt, sources say.

Nissan to Spend $17.6 Billion on Battery-Powered Vehicles Over Five Years 

Nissan says that by 2030 half of its vehicles sold will be powered at least partly by batteries.

Covid-19 Vaccine Makers Assess Omicron Response 

Covid-19 vaccine makers have begun lab tests to see whether existing shots work against the strain, and some have even begun preparing new vaccines.

Activist Ancora Urges Berry Global to Explore a Sale 

Ancora, which owns about 1% of Berry Global, is urging it to explore strategic alternatives. The packaging manufacturer has a roughly $9 billion market value.

Airlines Avoid Thanksgiving Pitfalls as Daily Passengers Top Two Million 

Carriers say preparations for big crowds paid off after recent stumbles as the Omicron Covid-19 variant adds new uncertainty to travel.

Australia Seeks to Make Social-Media Firms Liable for Users' Defamatory Comments 

The new legislation would create a defense for social-media companies that disclose details of users when a complaint is made against their comments.

Companies Respond to New Covid Variant With Concern, Confusion 

The Omicron variant is leading U.S. companies in a range of industries to consider how safety measures could be reinstated, but many executives are saying they will hold off making changes to operations until more is known.

Macau Police Question Junket Boss Over Alleged Illegal Gambling Syndicate 

Alvin Chau, the chairman of Suncity Group Holdings, was being held for questioning by police in Macau after authorities in the eastern Chinese city of Wenzhou issued an arrest warrant.

Hertz-Tesla Deal Signals Rental-Car Providers' Shift to EVs 

The rental-car industry is sharpening efforts to add more battery-powered vehicles to fleets, the latest move among companies around the world in various industries that are embracing greener technologies.

Peloton Sues Lululemon in Fight Over Clothing Line 

Peloton Interactive filed suit and is asking a federal court to declare that its new line of athletic wear doesn't infringe upon Lululemon Athletica's designs, after Lululemon sent a cease-and-desist letter.

(END) Dow Jones Newswires

11-28-21 2115ET

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