News Highlights: Top Company News of the Day
OpenAI Employees Threaten to Quit Unless Board Resigns
More than 500 employees have threatened to resign from the
company if the current board doesn't resign and reinstate former
CEO Sam Altman.
EV Startup Fisker Has Lost Another Chief Accounting Officer
The resignation marks the latest setback for a company that only
recently started selling its first model.
CFPB Orders Toyota to Pay $60 Million Over Lending Practices
Federal regulators have ordered Toyota Motor's auto-lending arm
to pay $60 million in fines and consumer redress for allegedly
preventing borrowers from canceling product bundles that raised
their monthly loan payments.
Citigroup Moving On to Next Phase of Reorganization
Citigroup began making an extensive round of layoffs and
organizational changes, part of Chief Executive Jane Fraser's
efforts to streamline the bank.
Bristol Myers Squibb Falls After Drug Approval Delayed
Abecma, developed with 2seventy Bio, won't be approved for
earlier treatments of a certain kind of blood cancer by a Dec. 16
McDonald's Buys Back Minority Stake in China Business
The deal will boost the company's stake in its operation in the
world's second-largest economy to 48%.
Unions Are So Hot Even Megabank Employees Are Trying to Join
Workers at two Wells Fargo branches are expected to hold
elections to decide whether to unionize.
NRG Energy CEO Exits Amid Board Shakeup
NRG Energy replaced its chief executive and adding new members
to the board after a push for new leadership by activist investor
Elliott Investment Management.
Company Led by Former NYSE President Buys Crypto News Site CoinDesk
CoinDesk says former Wall Street Journal Editor in Chief Matt
Murray will chair an independent editorial committee.
Apple Had Better Watch Its Back in China
Signals are finally getting stronger for the global smartphone
market. Chinese handset makers like Huawei, which had been locked
out of the race by U.S. sanctions, are dialing back in.
(END) Dow Jones Newswires
November 20, 2023 15:15 ET (20:15 GMT)
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