News Highlights: Top Company News of the Day

11/15/2020 | 09:16pm
Elon Musk
PNC Is in Advanced Talks to Buy U.S. Arm of Spain's BBVA 

PNC Financial Services Group Inc. is in talks to buy the U.S. arm of Spanish lender BBVA, according to people familiar with the matter, in what would be one of the largest bank tie-ups since the financial crisis.

Simon Property, Taubman Agree to Revise Merger Deal 

High-end mall developer Taubman Centers has agreed to accept a price cut in its takeover by Simon Property, in a move will allow the companies to avoid a drawn-out legal battle that was set to start Monday.

Walmart to Sell Majority Stake in Japan's Seiyu 

Walmart said it would sell a majority stake in Japanese supermarket chain Seiyu to private equity firm KKR & Co. in a $1.6 billion deal, giving up control after 18 years.

Trump Allies Explored Buyout of Newsmax TV as Fox News Alternative 

Hicks Equity Partners, a private-equity firm with ties to a co-chair of the Republican National Committee, has held talks in recent months about acquiring and investing in Newsmax, a fledgling pro-Trump cable channel.

Elon Musk's SpaceX Launches Four Astronauts into Orbit 

Elon Musk's SpaceX launched four astronauts into orbit, marking the company's first full-fledged operational mission with humans on board and beginning regularly scheduled commercial flights to the International Space Station.

Meat Giant Tyson Girds for Virus Surge 

The company is using infection-tracking algorithms and employee testing to shield workers from a fresh surge in coronavirus cases and keep grocery stores stocked.

HSBC Has Big Ambitions in China. Westerners Still Dominate Its Board. 

The British bank has scaled back in Europe and the U.S. and doubled down on Asia, but that isn't reflected in its senior ranks. Just two of 14 board members are Chinese.

Parler Makes Play for Conservatives Mad at Facebook, Twitter 

The libertarian-minded platform aims to challenge tech giants through a focus on free speech. Prominent conservative donor Rebekah Mercer is among the company's financial backers.

Berkshire Hathaway Is Becoming Its Own Elephant Investment 

The biggest purchase the conglomerate has made in 2020 is the purchase of its own stock. Until recently Warren Buffett eschewed buybacks.

How P&G Launched a 24-Hour Disinfecting Spray Just as Covid-19 Hit the U.S. 

A consumer-products giant known for its meticulous market research and complex management structure decided to become faster and slimmer. The result? A blue-bottled disinfectant that became a hit for Procter & Gamble during the pandemic-and helped it steer a path through the crisis.

(END) Dow Jones Newswires

11-15-20 2115ET

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