GM Stops Backing Trump Administration in Emissions Fight With California
General Motors will no longer back the administration in its legal battle to strip California's authority to set its own fuel-efficiency regulations, saying GM's goals for green cars are aligned with the state and the new Biden administration.
DuPont's Up-and-Down History Shaped Biden's Views on Business
"Uncle Dupie" was a leading employer and philanthropist in Delaware, but declining profits and global competition put it in the crosshairs of shareholder activist Nelson Peltz.
GM to Recall 5.9 Million Vehicles With Takata Air-Bag Inflaters
General Motors has agreed to replace potentially faulty Tataka air-bag inflaters in millions of its pickups and SUVs, a fix ordered by federal safety regulators that could cost the auto maker more than $1 billion.
Google Plans Fiber-Optic Network to Connect Via Saudi Arabia and Israel for First Time
Project would connect the historical enemies, avoid Egypt and open a new corridor for internet traffic.
Snap Counters TikTok With Spotlight Feature
The new service, known as Spotlight, pushes the owner of Snapchat into the fraught but potentially lucrative business of viral content.
Regal Cinemas Owner Lands Financial Lifeline, Averting Bankruptcy
The owner of Regal Entertainment Group secured a financial lifeline after creditors supplied the struggling movie theater owner with a rescue loan and other debt relief.
Merck to Buy OncoImmune for $425 Million Amid Race for Covid-19 Treatments
The drugmaker is buying biopharmaceutical company OncoImmune, which has reported positive results from a late-stage study of a coronavirus therapeutic candidate, for $425 million in cash.
AstraZeneca-Oxford Vaccine Up to 90% Effective in Trials
The success of the vaccine being developed by the University of Oxford and AstraZeneca bodes well for the near-term availability of a third treatment for Covid-19, joining those from Moderna as well as Pfizer and BioNTech.
Danone Fights to Fix a Souring Growth Recipe
Despite a focus on trendy health foods, Danone has lost investor support this year. Winning it back will be hard work as business becomes more competitive.
CoStar to Buy Homesnap for $250 Million
CoStar Group, one of the world's largest providers of commercial real-estate information and analytics, has taken its first major step into the residential data business by agreeing to pay $250 million for Homesnap.
(END) Dow Jones Newswires
11-23-20 1515ET
