News Highlights: Top Company News of the Day

11/24/2020 | 09:16am
GE Plans More Job Cuts in Aviation Division 
 

General Electric warned employees that more job cuts are coming to the conglomerate's jet-engine business because of the pandemic's impact on commercial air travel even with the promise of a vaccine on the horizon.

 
Best Buy Continues Gains From Home Products, Online Sales 
 

The retailer's sales rose 21% in the third quarter from a year earlier, as it continued benefiting from online sales and items that help consumers work, learn and cook from home during the pandemic.

 
Dick's Sporting Goods CEO Ed Stack to Step Down 
 

In his decades at the helm of the sporting-goods company, Ed Stack built it into a national chain and led it into the debate over gun violence. He will remain chairman and chief merchant.

 
AstraZeneca Gears Up to Vaccinate the World 
 

Among the front-runners racing to deliver a Covid-19 shot, AstraZeneca has the least vaccine experience. But it has promised the world the most doses-more than three billion.

 
McCormick Buys Hot-Sauce Maker Cholula 
 

The seasonings company pays $800 million to private equity firm L Catterton as it tries to capitalize on record demand for spicy condiments.

 
Xiaomi's Gain at Huawei's Expense Might Not Last 
 

The global smartphone market has recovered from the earlier dip caused by the pandemic, but Huawei's travails are the key factor behind Xiaomi's bumper performance in the latest quarter.

 
BlackRock to Buy Equity-Index Provider Aperio for $1 Billion 
 

BlackRock is acquiring Aperio Group LLC, a firm that helps build custom portfolios for wealthy individuals, in a push by the world's largest money manager to add more personalization to its offerings.

 
Salesforce Puts Money Into AppsFlyer 
 

The company, which says it is now valued at $2 billion, sells mobile analytics software that weighs the effectiveness of ad campaigns.

 
York Capital Management to Largely Wind Down Hedge-Fund Operations 
 

Billionaire hedge-fund manager Jamie Dinan plans to shut down York's European hedge funds and to turn its flagship U.S. hedge fund into one running mainly internal money.

 
Apple Security Chief Offered iPads to Police as a Bribe for Gun Permits, Prosecutors Allege 
 

Apple's head of security has been indicted on bribery charges for a scheme in which prosecutors allege he offered iPads to secure gun permits for his company's employees.

(END) Dow Jones Newswires

11-24-20 0915ET

Copier lien
Latest news about "Economy & Forex"
6m ago
13m ago
13m ago
13m ago
14m ago